Atlassian Corporation (NASDAQ:TEAM) reported its Q1 earnings results on Thursday, October 28, 2021 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Atlassian Corporation beat their estimated earnings by 15.0%, reporting an EPS of $0.46 versus an estimate of $0.4, which surprised analysts.
Revenue was up $154,518,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06, which was followed by a 21.86% increase in the share price the next day.
Here’s a look at Atlassian Corporation’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.18 | 0.29 | 0.32 | 0.27 |
| EPS Actual | 0.24 | 0.48 | 0.37 | 0.30 |
| Revenue Estimate | 524.09M | 533.73M | 471.66M | 440.49M |
| Revenue Actual | 559.54M | 568.73M | 501.36M | 459.51M |
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
Atlassian Corporation management provided guidance for their next quarter, expecting earnings between $0.38 and $0.39 per share for the nextquarter.
This represents a -16.3% in quarter-over-quarter growth for Atlassian Corporation, a bearish signal to many investors.
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