SPX: Q1 Earnings Insights

SPX SPXC reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.

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

SPX beat estimated earnings by 17.65%, reporting an EPS of $0.4 versus an estimate of $0.34.

Revenue was down $91.40 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 1.69% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.83	0.44	0.46	0.66
EPS Actual	0.88	0.41	0.49	0.68
Revenue Estimate	358.47M	295.02M	318.60M	390.45M
Revenue Actual	350.00M	285.80M	296.70M	398.50M

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).

SPX management provided guidance for FY 2022, expecting earnings between $2.55 and $2.85 per share.

To track all earnings releases for SPX visit their earnings calendar here.

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