Perficient (NASDAQ:PRFT) reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Perficient beat estimated earnings by 3.16%, reporting an EPS of $0.98 versus an estimate of $0.95.
Revenue was up $52.77 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 2.31% increase in the share price the next day.
Here's a look at Perficient's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.92 | 0.85 | 0.77 | 0.67 |
| EPS Actual | 1 | 0.88 | 0.84 | 0.75 |
| Revenue Estimate | 207.17M | 190.11M | 176.24M | 166.62M |
| Revenue Actual | 214.73M | 192.82M | 184.14M | 169.34M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Perficient management provided guidance for Q2 2022, expecting earnings between $1.04 and $1.07 per share.
To track all earnings releases for Perficient visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
