Syneos Health (NASDAQ:SYNH) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Syneos Health beat estimated earnings by 6.32%, reporting an EPS of $1.01 versus an estimate of $0.95.
Revenue was up $127.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 0.47% drop in the share price the next day.
Here's a look at Syneos Health's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.43 | 1.17 | 0.96 | 0.75 |
| EPS Actual | 1.48 | 1.22 | 0.97 | 0.79 |
| Revenue Estimate | 1.41B | 1.34B | 1.27B | 1.19B |
| Revenue Actual | 1.37B | 1.35B | 1.28B | 1.21B |
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
Syneos Health management provided guidance for FY 2022, expecting earnings between $5.05 and $5.25 per share.
To track all earnings releases for Syneos Health visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
