F5: Q2 Earnings Insights

F5 FFIV reported its Q2 earnings results on Wednesday, April 19, 2023 at 04:35 PM.

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

Earnings

F5 beat estimated earnings by 4.55%, reporting an EPS of $2.53 versus an estimate of $2.42.

Revenue was up $68.95 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14 which was followed by a 0.67% drop in the share price the next day.

Here's a look at F5's past performance:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 2.33 2.52 2.24 2.01
EPS Actual 2.47 2.62 2.57 2.13
Revenue Estimate 700.68M 692.05M 667.49M 634.08M
Revenue Actual 700.38M 700.03M 674.49M 634.22M

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

F5 management provided guidance for FY 2023, expecting earnings between $10.9 and $11.31 per share.

To track all earnings releases for F5 visit their earnings calendar here.

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

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