Recap: Meritor Q1 Earnings

Meritor MTOR reported its Q1 earnings results on Thursday, February 3, 2022 at 06:45 AM.

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

Meritor beat estimated earnings by 29.03%, reporting an EPS of $0.8 versus an estimate of $0.62, which surprised analysts.

Revenue was up $95.00 million from the same period last year.

Last quarter the company beat on EPS by $0.31, which was followed by a 1.68% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.49	0.50	0.61	0.39
EPS Actual	0.80	0.62	0.68	0.60
Revenue Estimate	975.83M	923.87M	937.42M	824.37M
Revenue Actual	945.00M	1.02B	983.00M	889.00M

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).

Meritor management provided guidance for their next quarter, expecting earnings between $3.25 and $3.75 per share for the next quarter.

This represents a 337.5% in quarter-over-quarter growth for Meritor, a bullish signal to many investors.

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