Recap: Orthofix Medical Q1 Earnings

Orthofix Medical OFIX reported its Q1 earnings results on Friday, May 6, 2022 at 07:00 AM.

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

Orthofix Medical missed estimated earnings by 211.11%, reporting an EPS of $-0.1 versus an estimate of $0.09.

Revenue was up $825.00 thousand from the same period last year.

Last quarter the company beat on EPS by $0.14 which was followed by a 1.32% increase in the share price the next day.

Here's a look at Orthofix Medical's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.13	0.11	0.11	0.02
EPS Actual	0.27	0.10	0.32	0.17
Revenue Estimate	124.87M	113.31M	108.20M	95.61M
Revenue Actual	125.06M	112.43M	121.39M	105.59M

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).

Orthofix Medical management provided guidance for FY 2022, expecting earnings between $0.58 and $0.73 per share.

To track all earnings releases for Orthofix Medical visit their earnings calendar here.

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