Recap: Check Point Software Q3 Earnings

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.

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.

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).

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.

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