i3 Verticals: Q1 Earnings Insights

i3 Verticals IIIV reported its Q1 earnings results on Tuesday, February 8, 2022 at 04:00 PM.

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

i3 Verticals beat estimated earnings by 9.38%, reporting an EPS of $0.35 versus an estimate of $0.32.

Revenue was up $30.63 million from the same period last year.

Last quarter the company beat on EPS by $0.04, which was followed by a 5.76% increase in the share price the next day.

Here's a look at i3 Verticals's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.29	0.28	0.21	0.21
EPS Actual	0.33	0.26	0.23	0.22
Revenue Estimate	64.29M	55.79M	48.07M	41.13M
Revenue Actual	67.18M	61.96M	47.86M	43.31M

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).

i3 Verticals management provided guidance for their next quarter, expecting earnings between $1.28 and $1.42 per share for the next quarter.

This represents a 285.71% in quarter-over-quarter growth for i3 Verticals, 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.

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