InMode (NASDAQ:INMD) reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
InMode beat estimated earnings by 15.69%, reporting an EPS of $0.59 versus an estimate of $0.51.
Revenue was up $26.22 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.72% increase in the share price the next day.
Here's a look at InMode's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.55 | 0.50 | 0.40 |
| EPS Actual | 0.40 | 0.64 | 0.55 | 0.51 |
| Revenue Estimate | 80.24M | 102.34M | 89.26M | 74.27M |
| Revenue Actual | 85.92M | 110.54M | 94.18M | 87.33M |
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
InMode management provided guidance for FY 2022, expecting earnings between $2.11 and $2.16 per share.
To track all earnings releases for InMode VISIT THEIR EARNINGS CALENDAR HERE.
This article was generated by Benzinga's automated content engine and reviewed by an editor.