Varonis Systems: Q1 Earnings Insights - Varonis Systems (NASDAQ:VRNS)

Varonis Systems VRNS reported its Q1 earnings results on Monday, May 2, 2022 at 04:05 PM.

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

Varonis Systems beat estimated earnings by 10.0%, reporting an EPS of $-0.09 versus an estimate of $-0.1.

Revenue was up $21.48 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 3.48% increase in the share price the next day.

Here's a look at Varonis Systems's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.13	0.02	-0.03	-0.13
EPS Actual	0.16	0.05	-0.01	-0.08
Revenue Estimate	121.98M	97.41M	83.68M	68.90M
Revenue Actual	126.58M	100.35M	88.42M	74.78M

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).

Varonis Systems management provided guidance for Q2 2022, expecting earnings between $-0.02 and $-0.01 per share.

To track all earnings releases for Varonis Systems visit their earnings calendar here.

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