NuVasive: Q1 Earnings Insights

NuVasive NUVA reported its Q1 earnings results on Wednesday, May 4, 2022 at 05:10 PM.

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

NuVasive beat estimated earnings by 38.46%, reporting an EPS of $0.54 versus an estimate of $0.39.

Revenue was up $19.51 million from the same period last year.

Last quarter the company missed on EPS by $0.08 which was followed by a 3.49% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.48	0.54	0.44	0.35
EPS Actual	0.40	0.32	0.60	0.37
Revenue Estimate	298.95M	291.79M	285.08M	261.77M
Revenue Actual	302.07M	270.84M	294.83M	271.25M

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).

NuVasive management provided guidance for FY 2022, expecting earnings between $2.15 and $2.45 per share.

To track all earnings releases for NuVasive visit their earnings calendar here.

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