Carpenter Tech: Q1 Earnings Insights

Carpenter Tech CRS reported its Q1 earnings results on Thursday, October 27, 2022 at 08:00 AM.

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

Carpenter Tech missed estimated earnings by 1300.0%, reporting an EPS of $-0.14 versus an estimate of $-0.01.

Revenue was up $135.30 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 3.28% increase in the share price the next day.

Here's a look at Carpenter Tech's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.02	-0.27	-0.62	-0.31
EPS Actual	0	-0.20	-0.58	-0.28
Revenue Estimate	506.52M	422.82M	381.54M	420.42M
Revenue Actual	563.80M	489.00M	396.00M	387.60M

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).

Carpenter Tech management provided guidance for Q1 2023, expecting earnings between $-0.16 and $-0.14 per share.

To track all earnings releases for Carpenter Tech visit their earnings calendar here.

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

Earnings Calendar