Surmodics (NASDAQ:SRDX) reported its Q1 earnings results on Thursday, February 3, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
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Earnings
Surmodics beat estimated earnings by 58.06%, reporting an EPS of $-0.13 versus an estimate of $-0.31, which surprised analysts.
Revenue was up $706.00 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15, which was followed by a 2.16% drop in the share price the next day.
Here's a look at Surmodics's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.25 | -0.17 | 0.63 | -0.09 |
| EPS Actual | -0.10 | -0.17 | 0.62 | 0.02 |
| Revenue Estimate | 23.06M | 23.31M | 32.95M | 22.37M |
| Revenue Actual | 23.97M | 23.87M | 34.99M | 22.30M |
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
Surmodics management provided guidance for their next quarter, expecting earnings between $-1.75 and $-1.25 per share for the next quarter.
This represents a -1053.85% in quarter-over-quarter growth for Surmodics, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
