Magic Software: Q2 Earnings Insights

 

Magic Software MGIC reported its Q2 earnings results on Thursday, August 11, 2022.

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

Earnings

Magic Software missed estimated earnings by 11.11%, reporting an EPS of $0.24 versus an estimate of $0.27.

Revenue was up $17.82 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 3.98% increase in the share price the next day.

Here's a look at Magic Software's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.24 0.26   0.21
EPS Actual 0.26 0.26 0.24 0.23
Revenue Estimate 128.80M 125.50M 111.00M 104.47M
Revenue Actual 138.71M 133.00M 120.87M 119.16M

To track all earnings releases for Magic Software visit their earnings calendar here.

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

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