Steris: Q1 Earnings Insights

Steris STE reported its Q1 earnings results on Tuesday, August 2, 2022 at 04:30 PM.

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

Steris missed estimated earnings by 0.52%, reporting an EPS of $1.9 versus an estimate of $1.91.

Revenue was up $187.58 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 2.74% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	2.02	1.97	1.82	1.51
EPS Actual	2.04	2.12	1.99	1.76
Revenue Estimate	1.19B	1.20B	1.15B	881.72M
Revenue Actual	1.21B	1.21B	1.20B	968.42M

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).

Steris management provided guidance for FY 2023, expecting earnings between $8.4 and $8.6 per share.

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

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

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