OSI Systems: Q2 Earnings Insights

OSI Systems OSIS reported its Q2 earnings results on Thursday, January 27, 2022 at 09:00 AM.

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

Earnings

OSI Systems beat estimated earnings by 9.4%, reporting an EPS of $1.28 versus an estimate of $1.17, which did not surprise analysts.

Revenue was up $672.00 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04, which was followed by a 1.06% drop in the share price the next day.

Here's a look at OSI Systems's past performance:

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

OSI Systems management provided guidance for their next quarter, expecting earnings between $5.75 and $6.02 per share for the next quarter.

This represents a 359.77% in quarter-over-quarter growth for OSI Systems, a bullish signal to many investors.

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