Recap: Bruker Q1 Earnings

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Bruker BRKR reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.

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

Earnings

Bruker beat estimated earnings by 16.36%, reporting an EPS of $0.64 versus an estimate of $0.55.

Revenue was up $90.30 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 3.86% increase in the share price the next day.

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

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.72 0.55 0.45 0.42
EPS Actual 0.74 0.66 0.45 0.49
Revenue Estimate 680.10M 608.20M 590.88M 572.57M
Revenue Actual 708.40M 638.90M 588.40M 595.00M

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

Bruker management provided guidance for FY 2023, expecting earnings between $2.55 and $2.6 per share.

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

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

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