Published on 4 May 2022 on Zacks via Yahoo Finance
Ping Identity (PING) Reports Q1 Loss, Tops Revenue Estimates
Ping Identity (PING) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -500%. A quarter ago, it was expected that this software company would post earnings of $0.02 per share when it actually produced a loss of $0.13, delivering a surprise of -750%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.