Perficient: Q1 Earnings Insights

Perficient PRFT reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.

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

Perficient beat estimated earnings by 3.16%, reporting an EPS of $0.98 versus an estimate of $0.95.

Revenue was up $52.77 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 2.31% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.92	0.85	0.77	0.67
EPS Actual	1	0.88	0.84	0.75
Revenue Estimate	207.17M	190.11M	176.24M	166.62M
Revenue Actual	214.73M	192.82M	184.14M	169.34M

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).

Perficient management provided guidance for Q2 2022, expecting earnings between $1.04 and $1.07 per share.

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

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