First quarter 2022 earnings: EPS and revenues exceed analyst expectations
First quarter 2022 results: EPS: US$0.28 (up from US$0.18 in 1Q 2021). Revenue: US$77.7m (up 24% from 1Q 2021). Net income: US$33.6m (up 79% from 1Q 2021). Profit margin: 43% (up from 30% in 1Q 2021). Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth.