Magic Software MGIC reported its Q1 earnings results on Thursday, May 18, 2023 at 06:28 AM.
Here's what investors need to know about the announcement.
Earnings
Magic Software missed estimated earnings by 7.14%, reporting an EPS of $0.26 versus an estimate of $0.28.
Revenue was up $3.73 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 1.66% drop in the share price the next day.
Here's a look at Magic Software's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.27 | 0.27 | 0.24 |
| EPS Actual | 0.28 | 0.28 | 0.24 | 0.26 |
| Revenue Estimate | 142.98M | 131.75M | 131.70M | 128.80M |
| Revenue Actual | 147.15M | 143.96M | 136.98M | 138.71M |
To track all earnings releases for Magic Software visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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