Avalara: Q1 Earnings Insights

Avalara AVLR reported its Q1 earnings results on Thursday, May 5, 2022 at 05:10 PM.

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

Avalara beat estimated earnings by 166.67%, reporting an EPS of $0.08 versus an estimate of $-0.12.

Revenue was up $50.93 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 9.73% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.08	-0.07	-0.09	-0.11
EPS Actual	-0.06	-0.03	0.02	-0.08
Revenue Estimate	184.34M	169.98M	153.10M	143.11M
Revenue Actual	195.14M	181.17M	169.07M	153.60M

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

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