CPSI‘s Q4 Earnings Report: A Closer Look
On February 29, 2024, CPSI (NASDAQ:CPSI) unveiled its Q4 earnings, providing valuable insights for investors.
Earnings Surpass Expectations: CPSI exceeded estimated earnings by 3.0%, boasting an impressive EPS of $0.36 compared to the projected $0.35.
Revenue Growth: The company experienced a notable $2.64 million increase in revenue compared to the same period last year.
Analyzing Past Performance
Looking back at previous quarters, CPSI has shown a mixed bag of results. While the company outperformed EPS estimates by $0.03 in the last quarter, it faced an 11.0% decrease in share price the following day. Here’s a summary of CPSI’s past performance:
Quarter EPS Estimate EPS Actual Revenue Estimate Revenue Actual
Q3 2023 0.42 0.45 $85.10M $82.71M
Q2 2023 0.58 0.40 $86.07M $84.62M
Q1 2023 0.70 0.58 $84.63M $86.23M
Q4 2022 0.58 0.61 $82.10M $83.22M
For a more comprehensive look at CPSI’s earnings releases, investors are encouraged to consult their earnings calendar.
This data reflects CPSI’s recent financial performance and market expectations, providing valuable insights for investors moving forward.
CPSI Stock Price Drops During Regular Trading Hours But Shows Signs of Recovery in After-Hours Trading
On February 29, 2024, CPSI stock experienced a slight decrease in its price during regular trading hours, closing at $8.86. The stock was trading near the bottom of its 52-week range and below its 200-day simple moving average, indicating a bearish trend in the stock’s performance.
The price of CPSI shares decreased by $0.04, representing a 0.45% drop from the previous market close. Despite this decline, the stock showed signs of potential recovery as it rose by $1.24 in after-hours trading. This after-hours gain could be attributed to positive news or developments related to the company that were announced after the market closed.
CPSI Stock Performance Analysis: Revenue Increases but Net Income Declines – February 29, 2024
On February 29, 2024, CPSI stock experienced mixed performances based on the financial data provided by CNN Money. The company reported a total revenue of $292.55 million for the past year, which represented a 4.25% increase compared to the previous year. However, the total revenue remained flat at $82.71 million in the third quarter of the fiscal year. The net income for CPSI was $15.56 million for the past year, a 13.68% decrease from the previous year, and further declined to -$3.48 million in the third quarter, a significant decrease of 25.5% compared to the previous quarter. The earnings per share (EPS) for CPSI was $1.08 for the past year, reflecting a decrease of 13.9% compared to the previous year, and further decreased to -$0.24 in the third quarter, representing a 25.45% decrease from the previous quarter. Overall, the financial performance of CPSI on February 29, 2024, suggested a mixed picture for investors. Investors may need to closely monitor the company’s future financial reports and developments to make informed decisions regarding CPSI stock.
