Myers Industries: Q4 Earnings Insights

Myers Industries MYE reported its Q4 earnings results on Thursday, March 10, 2022 at 06:30 AM.

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

Myers Industries beat estimated earnings by 9.52%, reporting an EPS of $0.23 versus an estimate of $0.21.

Revenue was up $62.11 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 2.27% increase in the share price the next day.

Here's a look at Myers Industries's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.26	0.27	0.19	0.16
EPS Actual	0.23	0.29	0.22	0.11
Revenue Estimate	197.03M	158.37M	160.60M	128.83M
Revenue Actual	200.06M	187.37M	174.43M	137.47M

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).

Myers Industries management provided guidance for their next quarter, expecting earnings between $1.2 and $1.4 per share for the next quarter.

This represents a 465.22% in quarter-over-quarter growth for Myers Industries, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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

Earnings Calendar