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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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