Atlassian Corporation: Q1 Earnings Insights - Atlassian (NASDAQ:TEAM)

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.

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.

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:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.18	0.29	0.32	0.27
EPS Actual	0.24	0.48	0.37	0.30
Revenue Estimate	524.09M	533.73M	471.66M	440.49M
Revenue Actual	559.54M	568.73M	501.36M	459.51M

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).

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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