NASDAQ$QLYS
Qualys Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported revenue growth of 13% year-over-year and GAAP EPS of $0.70; Non-GAAP EPS of $0.86. Raised 2021 revenue guidance to $409.5-$410.1 million and announced $200 million increase to share repurchase program.
Qualys announced financial results for the third quarter ended September 30, 2021, with revenues of $104.9 million, net income of $27.8 million, and non-GAAP net income of $34.2 million.
- Revenues for the third quarter of 2021 increased by 13% to $104.9 million compared to $93.1 million for the same quarter in 2020.
- GAAP net income for the third quarter of 2021 was $27.8 million, or $0.70 per diluted share, compared to $22.7 million, or $0.56 per diluted share, for the same quarter in 2020.
- Non-GAAP net income for the third quarter of 2021 was $34.2 million, or $0.86 per diluted share, compared to $31.4 million, or $0.77 per diluted share, for the same quarter in 2020.
- The board has authorized a $200 million increase to the share repurchase program.
Headline financials
Revenue & EPS history
Qualys · Revenue · Quarterly
$105M
Forward guidance
Management expects revenues for the fourth quarter of 2021 to be in the range of $108.1 million to $108.7 million, representing 14% to 15% growth over the same quarter in 2020. GAAP net income per diluted share is expected to be in the range of $0.47 to $0.49. Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80.
Tailwinds
- Revenues for the fourth quarter of 2021 to be in the range of $108.1 million to $108.7 million, representing 14% to 15% growth over the same quarter in 2020.
- GAAP net income per diluted share is expected to be in the range of $0.47 to $0.49.
- Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80.
- Management now expects revenues for the full year of 2021 to be in the range of $409.5 million to $410.1 million, representing 13% growth over 2020, up from the previous guidance range of $406.0 million to $407.5 million.
- GAAP net income per diluted share is expected to be in the range of $1.70 to $1.72, up from the previous guidance range of $1.38 to $1.43.
Headwinds
- GAAP net income per diluted share is expected to be in the range of $0.47 to $0.49, which assumes an effective income tax rate of 26%.
- Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80, which assumes a non-GAAP effective income tax rate of 21%.
- Full year 2021 net income per diluted share estimates are based on approximately 40.1 million weighted average diluted shares outstanding.
- GAAP net income per diluted share is expected to be in the range of $1.70 to $1.72. This assumes an effective income tax rate of 20%.
- Non-GAAP net income per diluted share is expected to be in the range of $3.16 to $3.18. This assumes a non-GAAP effective income tax rate of 21%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.5%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.3%
Avg return
30 days after
56%
33 / 59 earnings
Positive
+27.8%
Q3 2024
Best reaction
-29.0%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.7% | -0.7% | +19.3% | |
| Q4 2025 | -13.3% | -13.7% | -22.8% | |
| Q3 2025 | +20.7% | +25.4% | +20.5% | |
| Q1 2025 | +0.7% | +7.6% | +11.9% | |
| Q4 2024 | -3.7% | -1.9% | -9.5% | |
| Q3 2024 | +27.8% | +23.6% | +25.8% | |
| Q2 2024 | -5.8% | -5.3% | -7.0% | |
| Q1 2024 | -12.0% | -11.7% | -20.6% | |
| Q4 2023 | -4.0% | -2.9% | -4.6% | |
| Q3 2023 | +11.9% | +13.3% | +23.7% | |
| Q2 2023 | +6.2% | +6.2% | +15.3% | |
| Q1 2023 | +8.3% | +6.2% | +20.8% | |
| Q4 2022 | -1.2% | -3.2% | -4.2% | |
| Q3 2022 | -19.6% | -20.9% | -12.8% | |
| Q2 2022 | +11.7% | +17.0% | +17.8% | |
| Q1 2022 | -3.0% | -15.8% | -1.9% | |
| Q4 2021 | -15.4% | -10.1% | -6.5% | |
| Q3 2021 | +9.7% | +11.7% | +2.1% | |
| Q2 2021 | +7.5% | +8.0% | +14.8% | |
| Q1 2021 | +3.5% | +6.2% | +5.4% | |
| Q4 2020 | -19.0% | -20.2% | -22.5% | |
| Q3 2020 | +3.8% | +1.0% | +1.3% | |
| Q2 2020 | -13.0% | -14.5% | -14.0% | |
| Q1 2020 | -1.0% | -0.6% | +3.0% | |
| Q4 2019 | +0.5% | +3.2% | -20.4% | |
| Q3 2019 | +3.3% | +2.6% | +5.9% | |
| Q2 2019 | -5.4% | -9.2% | -10.7% | |
| Q1 2019 | +1.7% | -0.6% | -1.8% | |
| Q4 2018 | -13.1% | -14.8% | -10.5% | |
| Q3 2018 | -2.6% | +2.4% | +5.6% | |
| Q2 2018 | -3.7% | -3.6% | +0.8% | |
| Q1 2018 | -2.5% | -3.4% | +0.0% | |
| Q4 2017 | +12.4% | +20.6% | +28.7% | |
| Q3 2017 | +6.9% | +10.0% | +12.9% | |
| Q2 2017 | +10.7% | +11.8% | +15.2% | |
| Q1 2017 | +5.4% | +5.4% | +10.2% | |
| Q4 2016 | -4.8% | -4.5% | -5.0% | |
| Q3 2016 | -4.9% | -1.9% | -11.5% | |
| Q2 2016 | +3.4% | +1.4% | +14.8% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | -27.6% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | -29.0% | — | — | |
| Q4 2014 | +16.3% | — | — | |
| Q3 2014 | +8.5% | — | — | |
| Q2 2014 | +23.7% | — | — | |
| Q1 2014 | +8.5% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | +2.6% | — | — | |
| Q2 2013 | +13.3% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q2 2011 | -1.9% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q4 2012 | -4.1% | — | — | |
| Q3 2011 | +1.7% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
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