Recap: Reynolds Consumer Q1 Earnings

Reynolds Consumer REYN reported its Q1 earnings results on Tuesday, May 10, 2022 at 07:00 AM.

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

Reynolds Consumer reported in-line EPS of $0.26 versus an estimate of $0.26.

Revenue was up $88.00 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 0.53% increase in the share price the next day.

Here's a look at Reynolds Consumer's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.49	0.32	0.38	0.36
EPS Actual	0.51	0.33	0.39	0.36
Revenue Estimate	1.02B	879.88M	891.42M	765.54M
Revenue Actual	1.02B	905.00M	873.00M	757.00M

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).

Reynolds Consumer management provided guidance for Q2 2022, expecting earnings between $0.23 and $0.27 per share.

To track all earnings releases for Reynolds Consumer visit their earnings calendar here.

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

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