AmerisourceBergen ABC reported its Q1 earnings results on Wednesday, February 2, 2022 at 06:30 AM.

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

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Earnings

AmerisourceBergen beat estimated earnings by 0.39%, reporting an EPS of $2.58 versus an estimate of $2.57, which did not surprise analysts.

Revenue was up $7.11 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03, which was followed by a 0.62% increase in the share price the next day.

Here’s a look at AmerisourceBergen’s past performance:

QuarterQ4 2021Q3 2021Q2 2021Q1 2021
EPS Estimate2.362.032.481.94
EPS Actual2.392.162.532.18
Revenue Estimate57.33B52.05B49.85B50.49B
Revenue Actual58.91B53.41B49.15B52.52B

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

AmerisourceBergen management provided guidance for their next quarter, expecting earnings between $10.6 and $10.9 per share for the next quarter.

This represents a 316.67% in quarter-over-quarter growth for AmerisourceBergen, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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

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