Astec Industries: Q1 Earnings Insights

Astec Industries ASTE reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.

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

Astec Industries beat estimated earnings by 73.08%, reporting an EPS of $0.9 versus an estimate of $0.52.

Revenue was up $56.70 million from the same period last year.

Last quarter the company missed on EPS by $0.03 which was followed by a 3.69% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.37	0.30	0.40	0.11
EPS Actual	0.34	0.28	0.19	0.41
Revenue Estimate	313.55M	301.03M	308.70M	286.56M
Revenue Actual	349.90M	315.20M	318.20M	291.20M

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

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

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