Atlassian Corporation: Q1 Earnings Insights

Atlassian Corporation TEAM reported its Q1 earnings results on Thursday, October 28, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Atlassian Corporation beat their estimated earnings by 15.0%, reporting an EPS of $0.46 versus an estimate of $0.4, which surprised analysts.

Revenue was up $154,518,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06, which was followed by a 21.86% increase in the share price the next day.

Here's a look at Atlassian Corporation's past performance:

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

Atlassian Corporation management provided guidance for their next quarter, expecting earnings between $0.38 and $0.39 per share for the nextquarter.

This represents a -16.3% in quarter-over-quarter growth for Atlassian Corporation, a bearish signal to many investors.

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