Recap: AmerisourceBergen Q1 Earnings

AmerisourceBergen ABC reported its Q1 earnings results on Wednesday, February 2, 2022 at 06:30 AM.

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

AmerisourceBergen beat estimated earnings by 0.39%, reporting an EPS of $2.58 versus an estimate of $2.57, which did not surprise analysts.

Revenue was up $7.11 billion from the same period last year.

Last quarter the company beat on EPS by $0.03, which was followed by a 0.62% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	2.36	2.03	2.48	1.94
EPS Actual	2.39	2.16	2.53	2.18
Revenue Estimate	57.33B	52.05B	49.85B	50.49B
Revenue Actual	58.91B	53.41B	49.15B	52.52B

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).

AmerisourceBergen management provided guidance for their next quarter, expecting earnings between $10.6 and $10.9 per share for the next quarter.

This represents a 316.67% in quarter-over-quarter growth for AmerisourceBergen, 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.