Avid Technology: Q4 Earnings Insights

Avid Technology AVID reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.

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

Avid Technology beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.

Revenue was up $14.76 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 18.28% increase in the share price the next day.

Here's a look at Avid Technology's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.25	0.23	0.21	0.32
EPS Actual	0.27	0.25	0.28	0.33
Revenue Estimate	96.69M	91.54M	90.59M	104.99M
Revenue Actual	101.64M	94.88M	94.36M	104.30M

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).

Avid Technology management provided guidance for their next quarter, expecting earnings between $0.3 and $0.38 per share for the next quarter.

This represents a -26.09% in quarter-over-quarter growth for Avid Technology, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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