Myers Indus: Q1 Earnings Insights

Myers Indus MYE reported its Q1 earnings results on Thursday, May 5, 2022 at 06:30 AM.

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

Myers Indus beat estimated earnings by 51.52%, reporting an EPS of $0.5 versus an estimate of $0.33.

Revenue was up $51.06 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 3.65% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.21	0.26	0.27	0.19
EPS Actual	0.23	0.23	0.29	0.22
Revenue Estimate	189.03M	197.03M	158.37M	160.60M
Revenue Actual	199.58M	200.06M	187.37M	174.43M

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 Indus management provided guidance for FY 2022, expecting earnings between $1.3 and $1.5 per share.

To track all earnings releases for Myers Indus visit their earnings calendar here.

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