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Syneos Health: Q1 Earnings Insights

  Syneos Health (NASDAQ:SYNH) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Benzinga · 04/29/2022 07:04

 

Syneos Health (NASDAQ:SYNH) reported its Q1 earnings results on Friday, April 29, 2022 at 06:00 AM.

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

Earnings

Syneos Health beat estimated earnings by 6.32%, reporting an EPS of $1.01 versus an estimate of $0.95.

Revenue was up $127.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 0.47% drop in the share price the next day.

Here's a look at Syneos Health's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.43 1.17 0.96 0.75
EPS Actual 1.48 1.22 0.97 0.79
Revenue Estimate 1.41B 1.34B 1.27B 1.19B
Revenue Actual 1.37B 1.35B 1.28B 1.21B

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

Syneos Health management provided guidance for FY 2022, expecting earnings between $5.05 and $5.25 per share.

To track all earnings releases for Syneos Health VISIT THEIR EARNINGS CALENDAR HERE.

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