Recap: Timken Q1 Earnings

Timken TKR reported its Q1 earnings results on Monday, May 2, 2022 at 06:51 AM.

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

Timken beat estimated earnings by 38.79%, reporting an EPS of $1.61 versus an estimate of $1.16.

Revenue was up $100.00 million from the same period last year.

Last quarter the company missed on EPS by $0.13 which was followed by a 1.48% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.91	1.17	1.45	1.20
EPS Actual	0.78	1.18	1.37	1.38
Revenue Estimate	982.62M	1.01B	1.05B	980.60M
Revenue Actual	1.01B	1.04B	1.06B	1.02B

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).

Timken management provided guidance for FY 2022, expecting earnings between $5.0 and $5.4 per share.

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

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

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