Avid Technology: Q4 Earnings Insights

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Avid Technology AVID reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.

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

Earnings

Avid Technology beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.

Revenue was up $14.76 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 18.28% increase in the share price the next day.

Here's a look at Avid Technology's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.25 0.23 0.21 0.32
EPS Actual 0.27 0.25 0.28 0.33
Revenue Estimate 96.69M 91.54M 90.59M 104.99M
Revenue Actual 101.64M 94.88M 94.36M 104.30M

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

Avid Technology management provided guidance for their next quarter, expecting earnings between $0.3 and $0.38 per share for the next quarter.

This represents a -26.09% in quarter-over-quarter growth for Avid Technology, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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