AMETEK AME reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
AMETEK beat estimated earnings by 6.98%, reporting an EPS of $1.38 versus an estimate of $1.29.
Revenue was up $129.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 2.27% increase in the share price the next day.
Here's a look at AMETEK's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.27 | 1.30 | 1.18 | 1.10 |
EPS Actual | 1.33 | 1.37 | 1.26 | 1.15 |
Revenue Estimate | 1.46B | 1.47B | 1.41B | 1.33B |
Revenue Actual | 1.46B | 1.50B | 1.44B | 1.39B |
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).
Guidance
AMETEK management provided guidance for FY 2022, expecting earnings between $5.46 and $5.54 per share.
To track all earnings releases for AMETEK visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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