Spire: Q2 Earnings Insights

Spire SR reported its Q2 earnings results on Friday, May 6, 2022 at 07:00 AM.

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

Spire beat estimated earnings by 10.32%, reporting an EPS of $3.42 versus an estimate of $3.1.

Revenue was down $224.91 million from the same period last year.

Last quarter the company missed on EPS by $0.18 which was followed by a 0.79% increase in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.32	-0.69		3.08
EPS Actual	1.14	-0.32	0.06	3.71
Revenue Estimate	537.20M	254.89M	336.37M	773.16M
Revenue Actual	555.40M	290.20M	327.80M	1.10B

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).

Spire management provided guidance for FY 2022, expecting earnings between $3.75 and $3.95 per share.

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

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

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