Recap: Harsco Q2 Earnings

Harsco HSC reported its Q2 earnings results on Tuesday, August 2, 2022 at 07:00 AM.

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

Harsco missed estimated earnings by 87.5%, reporting an EPS of $0.01 versus an estimate of $0.08.

Revenue was down $88.77 million from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 5.61% increase in the share price the next day.

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

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.04	0.07	0.25	0.23
EPS Actual	-0.01	0.22	0.20	0.28
Revenue Estimate	447.13M	446.18M	578.73M	556.37M
Revenue Actual	452.80M	462.07M	544.30M	569.82M

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).

Harsco management provided guidance for FY 2022, expecting earnings between $-0.13 and $0.0 per share.

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

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