Recap: i3 Verticals Q3 Earnings

i3 Verticals IIIV reported its Q3 earnings results on Monday, August 8, 2022 at 04:00 PM.

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

i3 Verticals beat estimated earnings by 2.78%, reporting an EPS of $0.37 versus an estimate of $0.36.

Revenue was up $18.59 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 0.44% drop in the share price the next day.

Here's a look at i3 Verticals's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.35	0.32	0.29	0.28
EPS Actual	0.37	0.35	0.33	0.26
Revenue Estimate	72.26M	70.07M	64.29M	55.79M
Revenue Actual	78.12M	73.94M	67.18M	61.96M

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 FY 2022, expecting earnings between $1.41 and $1.47 per share.

To track all earnings releases for i3 Verticals visit their earnings calendar here.

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