NextGen Healthcare NXGN reported its Q4 earnings results on Tuesday, May 16, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
NextGen Healthcare beat estimated earnings by 6.9%, reporting an EPS of $0.31 versus an estimate of $0.29.
Revenue was up $27.29 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 5.8% increase in the share price the next day.
Here's a look at NextGen Healthcare's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.27 | 0.23 | 0.16 | 0.19 |
| EPS Actual | 0.26 | 0.25 | 0.16 | 0.19 |
| Revenue Estimate | 162.00M | 155.83M | 152.90M | 150.06M |
| Revenue Actual | 161.88M | 159.44M | 153.30M | 151.26M |
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).
Guidance
NextGen Healthcare management provided guidance for FY 2024, expecting earnings between $1.04 and $1.11 per share.
To track all earnings releases for NextGen Healthcare visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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