Parker Hannifin PH reported its Q1 earnings results on Thursday, November 3, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
Parker Hannifin beat estimated earnings by 13.67%, reporting an EPS of $4.74 versus an estimate of $4.17.
Revenue was up $470.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.49 which was followed by a 0.22% drop in the share price the next day.
Here's a look at Parker Hannifin's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 4.67 | 4.65 | 3.91 | 3.68 |
EPS Actual | 5.16 | 4.83 | 4.46 | 4.26 |
Revenue Estimate | 4.06B | 4.06B | 3.72B | 3.64B |
Revenue Actual | 4.19B | 4.09B | 3.83B | 3.76B |
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
Parker Hannifin management provided guidance for FY 2023, expecting earnings between $18.6 and $19.3 per share.
To track all earnings releases for Parker Hannifin 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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