Recap: Powell Industries Q2 Earnings

Powell Industries POWL reported its Q2 earnings results on Tuesday, May 2, 2023 at 04:16 PM.

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

Powell Industries beat estimated earnings by 233.33%, reporting an EPS of $0.7 versus an estimate of $0.21.

Revenue was up $43.59 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 12.39% increase in the share price the next day.

Here's a look at Powell Industries's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.02	0.18	0.24	-0.11
EPS Actual	0.10	0.73	0.76	-0.10
Revenue Estimate	116.69M	138.31M	128.55M	116.93M
Revenue Actual	126.86M	162.68M	135.48M	127.85M

To track all earnings releases for Powell Industries visit their earnings calendar here.

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