Crane: Q4 Earnings Insights

Crane CR reported its Q4 earnings results on Monday, January 24, 2022 at 05:01 PM.

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

Crane beat estimated earnings by 10.62%, reporting an EPS of $1.25 versus an estimate of $1.13, which surprised analysts.

Revenue was up $44.10 million from the same period last year.

Last quarter the company beat on EPS by $0.53, which was followed by a 8.57% increase in the share price the next day.

Here's a look at Crane's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	1.36	1.38	1.29	1.1
EPS Actual	1.89	1.83	1.66	1
Revenue Estimate	770.65M	757.88M	783.54M	737.92M
Revenue Actual	833.50M	796.40M	833.50M	726.40M

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).

Crane management provided guidance for their next quarter, expecting earnings between $7.0 and $7.4 per share for the next quarter.

This represents a 476.0% in quarter-over-quarter growth for Crane, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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