Envestnet (NYSE:ENV) reported its Q2 earnings results on Thursday, August 4, 2022 at 04:05 PM.

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

Earnings

Envestnet beat estimated earnings by 8.89%, reporting an EPS of $0.49 versus an estimate of $0.45.

Revenue was up $30.11 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 9.48% drop in the share price the next day.

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

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

Envestnet management provided guidance for Q3 2022, expecting earnings between $0.4 and $0.42 per share.

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

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