i3 Verticals IIIV reported its Q1 earnings results on Tuesday, February 8, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
i3 Verticals beat estimated earnings by 9.38%, reporting an EPS of $0.35 versus an estimate of $0.32.
Revenue was up $30.63 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 5.76% increase in the share price the next day.
Here's a look at i3 Verticals's past performance:
|Quarter||Q4 2021||Q3 2021||Q2 2021||Q1 2021|
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).
i3 Verticals management provided guidance for their next quarter, expecting earnings between $1.28 and $1.42 per share for the next quarter.
This represents a 285.71% in quarter-over-quarter growth for i3 Verticals, a bullish signal to many investors.
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