nVent Electric: Q3 Earnings Insights

nVent Electric NVT reported its Q3 earnings results on Thursday, October 28, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

nVent Electric beat their estimated earnings by 10.42%, reporting an EPS of $0.53 versus an estimate of $0.48, which surprised analysts.

Revenue was up $133,500,000 from the same period last year.

Last quarter the company beat on EPS by $0.1, which was followed by a 1.31% drop in the share price the next day.

Here's a look at nVent Electric's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.4	0.35	0.42	0.40
EPS Actual	0.5	0.43	0.43	0.45
Revenue Estimate	536.51M	510.75M	517.50M	495.00M
Revenue Actual	601.30M	548.90M	521.20M	509.30M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

nVent Electric management provided guidance for their next quarter, expecting earnings between $0.45 and $0.48 per share for the nextquarter.

This represents a -12.26% in quarter-over-quarter growth for nVent Electric, a bearish signal to many investors.

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