Altra Industrial Motion: Q1 Earnings Insights

Altra Industrial Motion AIMC reported its Q1 earnings results on Thursday, April 28, 2022 at 07:00 AM.

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

Altra Industrial Motion beat estimated earnings by 28.17%, reporting an EPS of $0.91 versus an estimate of $0.71.

Revenue was up $39.60 million from the same period last year.

Last quarter the company missed on EPS by $0.08 which was followed by a 1.63% drop in the share price the next day.

Here's a look at Altra Industrial Motion's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.75	0.81	0.81	0.76
EPS Actual	0.67	0.80	0.89	0.86
Revenue Estimate	461.47M	470.98M	467.96M	462.49M
Revenue Actual	469.80M	469.30M	488.60M	472.10M

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).

Altra Industrial Motion management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.

To track all earnings releases for Altra Industrial Motion visit their earnings calendar here.

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