NextGen Healthcare: Q4 Earnings Insights

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.

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.

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).

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.