Recap: ESCO Technologies Q3 Earnings

ESCO Technologies (NYSE:ESE) reported its Q3 earnings results on Monday, August 8, 2022 at 04:15 PM.

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

ESCO Technologies beat estimated earnings by 2.3%, reporting an EPS of $0.89 versus an estimate of $0.87.

Revenue was up $37.67 million from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 6.89% increase in the share price the next day.

Here's a look at ESCO Technologies's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.56	0.52	0.78	0.82
EPS Actual	0.65	0.46	0.85	0.67
Revenue Estimate	189.67M	182.19M	201.18M	192.31M
Revenue Actual	204.93M	177.01M	205.48M	181.39M

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).

ESCO Technologies management provided guidance for FY 2022, expecting earnings between $3.12 and $3.18 per share.

To track all earnings releases for ESCO Technologies visit their earnings calendar here.

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