Recap: Chesapeake Utilities Q1 Earnings

Chesapeake Utilities CPK reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.

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

Chesapeake Utilities beat estimated earnings by 5.05%, reporting an EPS of $2.08 versus an estimate of $1.98.

Revenue was up $31.69 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 1.93% drop in the share price the next day.

Here's a look at Chesapeake Utilities's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.31	0.59	0.71	1.83
EPS Actual	1.28	0.71	0.78	1.96
Revenue Estimate	173.50M	113.60M	106.23M	183.63M
Revenue Actual	160.37M	107.33M	111.08M	191.19M

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).

Chesapeake Utilities management provided guidance for FY 2025, expecting earnings between $6.05 and $6.25 per share.

To track all earnings releases for Chesapeake Utilities visit their earnings calendar here.

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

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