Box (NYSE:BOX) reported its Q1 earnings results on Wednesday, May 25, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Box missed estimated earnings by 8.0%, reporting an EPS of $0.23 versus an estimate of $0.25.
Revenue was up $35.99 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 2.12% increase in the share price the next day.
Here’s a look at Box’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.23 | 0.21 | 0.18 | 0.17 |
| EPS Actual | 0.24 | 0.22 | 0.21 | 0.18 |
| Revenue Estimate | 228.79M | 218.49M | 212.45M | 200.48M |
| Revenue Actual | 233.36M | 224.04M | 214.49M | 202.44M |
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
Box management provided guidance for FY 2023, expecting earnings between $1.11 and $1.15 per share.
To track all earnings releases for Box visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
