nVent Electric (NYSE:NVT) reported its Q3 earnings results on Thursday, October 28, 2021 at 08:00 AM.

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

Earnings

nVent Electric beat their estimated earnings by 10.42%, reporting an EPS of $0.53 versus an estimate of $0.48, which surprised analysts.

Revenue was up $133,500,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1, which was followed by a 1.31% drop in the share price the next day.

Here's a look at nVent Electric's past performance:

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

nVent Electric management provided guidance for their next quarter, expecting earnings between $0.45 and $0.48 per share for the nextquarter.

This represents a -12.26% in quarter-over-quarter growth for nVent Electric, a bearish signal to many investors.

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