Recap: Universal Stainless Q3 Earnings

Universal Stainless USAP reported its Q3 earnings results on Wednesday, October 26, 2022 at 06:45 AM.

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

Universal Stainless reported in-line EPS of $-0.14 versus an estimate of $-0.14.

Revenue was up $9.03 million from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 2.42% increase in the share price the next day.

Here's a look at Universal Stainless's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.11	-0.13	-0.13	-0.17
EPS Actual	-0.16	-0.18	-0.18	-0.23
Revenue Estimate	51.55M	46.37M	42.10M	42.23M
Revenue Actual	52.16M	47.56M	43.23M	37.17M

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).

Universal Stainless management provided guidance for Q3 2022, expecting earnings between $-0.14 and $-0.14 per share.

To track all earnings releases for Universal Stainless visit their earnings calendar here.

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

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