Progyny PGNY reported its Q3 earnings results on Thursday, November 4, 2021 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Progyny their estimated earnings by 183.33%, reporting an EPS of $0.17 versus an estimate of $0.06, which surprised analysts.
Revenue was up $23,356,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11, which was followed by a 12.83% drop in the share price the next day.
Here's a look at Progyny's past performance:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 0.08 | 0.08 | 0.06 | 0.05 |
EPS Actual | 0.19 | 0.15 | 0.07 | 0.05 |
Revenue Estimate | 129.31M | 121.27M | 97.73M | 92.59M |
Revenue Actual | 128.65M | 122.13M | 100.30M | 98.93M |
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
Progyny management provided guidance for their next quarter, expecting earnings between $0.03 and $0.07 per share for the nextquarter.
This represents a -70.59% in quarter-over-quarter growth for Progyny, a bearish signal to many investors.
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Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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