Atkore: Q1 Earnings Insights

Atkore ATKR reported its Q1 earnings results on Monday, January 31, 2022 at 06:00 AM.

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

Atkore beat estimated earnings by 28.65%, reporting an EPS of $4.58 versus an estimate of $3.56, which surprised analysts.

Revenue was up $329.72 million from the same period last year.

Last quarter the company beat on EPS by $0.55, which was followed by a 0.04% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	3.84	3.07	1.83	1.20
EPS Actual	4.39	3.96	2.79	1.88
Revenue Estimate	839.38M	722.78M	556.80M	456.79M
Revenue Actual	923.73M	853.66M	639.54M	511.08M

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).

Atkore management provided guidance for their next quarter, expecting earnings between $12.8 and $13.6 per share for the next quarter.

This represents a 188.21% in quarter-over-quarter growth for Atkore, 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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