Timken TKR reported its Q1 earnings results on Monday, May 2, 2022 at 06:51 AM.
Here's what investors need to know about the announcement.
Earnings
Timken beat estimated earnings by 38.79%, reporting an EPS of $1.61 versus an estimate of $1.16.
Revenue was up $100.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.13 which was followed by a 1.48% drop in the share price the next day.
Here's a look at Timken's past performance:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
---|---|---|---|---|
EPS Estimate | 0.91 | 1.17 | 1.45 | 1.20 |
EPS Actual | 0.78 | 1.18 | 1.37 | 1.38 |
Revenue Estimate | 982.62M | 1.01B | 1.05B | 980.60M |
Revenue Actual | 1.01B | 1.04B | 1.06B | 1.02B |
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).
Guidance
Timken management provided guidance for FY 2022, expecting earnings between $5.0 and $5.4 per share.
To track all earnings releases for Timken visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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