Elanco Animal Health ELAN reported its Q1 earnings results on Monday, May 9, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Elanco Animal Health beat estimated earnings by 2.86%, reporting an EPS of $0.36 versus an estimate of $0.35.
Revenue was down $17.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 0.07% drop in the share price the next day.
Here's a look at Elanco Animal Health's past performance:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
---|---|---|---|---|
EPS Estimate | 0.17 | 0.16 | 0.26 | 0.23 |
EPS Actual | 0.21 | 0.19 | 0.28 | 0.37 |
Revenue Estimate | 1.10B | 1.08B | 1.23B | 1.16B |
Revenue Actual | 1.11B | 1.13B | 1.28B | 1.24B |
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
Elanco Animal Health management provided guidance for FY 2022, expecting earnings between $1.15 and $1.21 per share.
To track all earnings releases for Elanco Animal Health visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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