Clarivate: Q1 Earnings Insights - Clarivate (NYSE:CLVT)

Clarivate CLVT reported its Q1 earnings results on Monday, May 9, 2022 at 06:00 AM.

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

Clarivate beat estimated earnings by 16.67%, reporting an EPS of $0.21 versus an estimate of $0.18.

Revenue was up $230.70 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 2.39% drop in the share price the next day.

Here's a look at Clarivate's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.21	0.15	0.17	0.12
EPS Actual	0.23	0.16	0.17	0.14
Revenue Estimate	560.10M	447.39M	435.24M	418.08M
Revenue Actual	560.20M	442.20M	447.00M	431.50M

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).

Clarivate management provided guidance for FY 2022, expecting earnings between $0.85 and $0.95 per share.

To track all earnings releases for Clarivate visit their earnings calendar here.

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