Meridian Bioscience: Q1 Earnings Insights

Meridian Bioscience VIVO reported its Q1 earnings results on Friday, February 4, 2022 at 08:00 AM.

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

Meridian Bioscience beat estimated earnings by 40.0%, reporting an EPS of $0.35 versus an estimate of $0.25, which surprised analysts.

Revenue was up $4.58 million from the same period last year.

Last quarter the company beat on EPS by $0.03, which was followed by a 7.19% increase in the share price the next day.

Here's a look at Meridian Bioscience's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.20	0.31	0.48	0.42
EPS Actual	0.23	0.22	0.56	0.65
Revenue Estimate	68.40M	77.22M	84.48M	83.89M
Revenue Actual	76.20M	63.51M	85.26M	92.92M

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).

Meridian Bioscience management provided guidance for their next quarter, expecting earnings between $1.1 and $1.3 per share for the next quarter.

This represents a 242.86% in quarter-over-quarter growth for Meridian Bioscience, 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.