Barnes: Q4 Earnings Insights

Barnes Gr B reported its Q4 earnings results on Friday, February 18, 2022 at 06:30 AM.

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

Barnes Gr beat estimated earnings by 17.02%, reporting an EPS of $0.55 versus an estimate of $0.47.

Revenue was up $21.88 million from the same period last year.

Last quarter the company beat on EPS by $0.04, which was followed by a 2.19% increase in the share price the next day.

Here's a look at Barnes Gr's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.51	0.43	0.31	0.33
EPS Actual	0.55	0.45	0.38	0.36
Revenue Estimate	319.31M	304.15M	278.80M	282.78M
Revenue Actual	325.06M	321.16M	301.63M	289.12M

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).

Barnes Gr management provided guidance for their next quarter, expecting earnings between $2.2 and $2.45 per share for the next quarter.

This represents a 322.73% in quarter-over-quarter growth for Barnes Gr, 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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