Why did XBP's Q4 2021 earnings report show no surprise?

XBP's Q4 2021 earnings report showed no surprise because the company's financial results were not significantly different from analysts' expectations. Here are the key points to support this conclusion:

1. **Earnings Per Share (EPS) Alignment**: The actual EPS reported was $1.50, which was not a surprise as analysts had expected $1.20. The EPS surprise was $0.30, indicating that the EPS result was in line with what analysts had forecasted.
2. **Revenue Alignment**: The actual revenue reported was $0, which was a significant deviation from analysts' expectations. However, the total revenue expected was $4.80 million, and the company reported $35.79 million, showing a substantial discrepancy. But considering the expected revenue, the revenue surprise was positive at $200,000.
3. **Net Income Growth Rate**: The net income growth rate was 47.68%, which was a significant positive indicator. However, the net income was -$2.67 million, indicating a financial loss that may have offset the positive growth rate's impact.
4. **Total Revenue Growth Rate**: The total revenue growth rate was -7.69%, which was a negative indicator, suggesting a decline in revenue compared to the previous year. This decline may have contributed to the lack of surprise in the earnings report.

In conclusion, while there were some positive and negative elements in XBP's Q4 2021 earnings report, the overall impact was such that it did not lead to a significant surprise. The company's financial results were largely in line with analysts' expectations, which may have led to a lack of surprise in the earnings report.