Check Point Software CHKP reported its Q3 earnings results on Thursday, October 28, 2021 at 05:00 AM.
Here's what investors need to know about the announcement.
Earnings
Check Point Software beat their estimated earnings by 3.12%, reporting an EPS of $1.65 versus an estimate of $1.6, which did not surprise analysts.
Revenue was up $25,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05, which was followed by a 1.64% increase in the share price the next day.
Here's a look at Check Point Software's past performance:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 1.56 | 1.49 | 2.11 | 1.53 |
EPS Actual | 1.61 | 1.54 | 2.17 | 1.64 |
Revenue Estimate | 523.77M | 502.36M | 555.40M | 504.06M |
Revenue Actual | 526.10M | 507.60M | 563.80M | 509.00M |
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
Check Point Software management provided guidance for their next quarter, expecting earnings between $1.54 and $1.64 per share for the nextquarter.
This represents a -3.64% in quarter-over-quarter growth for Check Point Software, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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