Crane CR reported its Q4 earnings results on Monday, January 24, 2022 at 05:01 PM.
Here's what investors need to know about the announcement.
Crane beat estimated earnings by 10.62%, reporting an EPS of $1.25 versus an estimate of $1.13, which surprised analysts.
Revenue was up $44.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.53, which was followed by a 8.57% increase in the share price the next day.
Here's a look at Crane's past performance:
|Quarter||Q3 2021||Q2 2021||Q1 2021||Q4 2020|
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).
Crane management provided guidance for their next quarter, expecting earnings between $7.0 and $7.4 per share for the next quarter.
This represents a 476.0% in quarter-over-quarter growth for Crane, a bullish signal to many investors.
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