Progyny: Q3 Earnings Insights

Progyny PGNY reported its Q3 earnings results on Thursday, November 4, 2021 at 04:05 PM.

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

Progyny their estimated earnings by 183.33%, reporting an EPS of $0.17 versus an estimate of $0.06, which surprised analysts.

Revenue was up $23,356,000 from the same period last year.

Last quarter the company beat on EPS by $0.11, which was followed by a 12.83% drop in the share price the next day.

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

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.08	0.08	0.06	0.05
EPS Actual	0.19	0.15	0.07	0.05
Revenue Estimate	129.31M	121.27M	97.73M	92.59M
Revenue Actual	128.65M	122.13M	100.30M	98.93M

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).

Progyny management provided guidance for their next quarter, expecting earnings between $0.03 and $0.07 per share for the nextquarter.

This represents a -70.59% in quarter-over-quarter growth for Progyny, a bearish signal to many investors.

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