Arco Platform: Q2 Earnings Insights

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Arco Platform ARCE reported its Q2 earnings results on Thursday, August 18, 2022 at 04:00 PM.

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

Earnings

Arco Platform missed estimated earnings by 166.67%, reporting an EPS of $-0.08 versus an estimate of $-0.03.

Revenue was up $35.66 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 11.45% increase in the share price the next day.

Here's a look at Arco Platform's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.13 0.31   0.46
EPS Actual 0.11 0.28 -0.04 0.12
Revenue Estimate 86.46M 84.83M 33.93M 48.38M
Revenue Actual 82.20M 82.58M 35.08M 48.34M

To track all earnings releases for Arco Platform visit their earnings calendar here.

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

Posted In: EarningsBZI-Recaps
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