Parker Hannifin: Q3 Earnings Insights

Parker Hannifin PH reported its Q3 earnings results on Thursday, May 5, 2022 at 07:30 AM.

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

Parker Hannifin beat estimated earnings by 3.87%, reporting an EPS of $4.83 versus an estimate of $4.65.

Revenue was up $340.00 million from the same period last year.

Last quarter the company beat on EPS by $0.55 which was followed by a 2.76% drop in the share price the next day.

Here's a look at Parker Hannifin's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	3.91	3.68	4.32	3.78
EPS Actual	4.46	4.26	4.38	4.11
Revenue Estimate	3.72B	3.64B	3.93B	3.73B
Revenue Actual	3.83B	3.76B	3.96B	3.75B

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).

Parker Hannifin management provided guidance for FY 2022, expecting earnings between $18.0 and $18.3 per share.

To track all earnings releases for Parker Hannifin visit their earnings calendar here.

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

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