Recap: Meritor Q1 Earnings

Recap: Meritor Q1 Earnings

 

Meritor MTOR reported its Q1 earnings results on Thursday, February 3, 2022 at 06:45 AM.

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

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Earnings

Meritor beat estimated earnings by 29.03%, reporting an EPS of $0.8 versus an estimate of $0.62, which surprised analysts.

Revenue was up $95.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.31, which was followed by a 1.68% drop in the share price the next day.

Here's a look at Meritor's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.49 0.50 0.61 0.39
EPS Actual 0.80 0.62 0.68 0.60
Revenue Estimate 975.83M 923.87M 937.42M 824.37M
Revenue Actual 945.00M 1.02B 983.00M 889.00M

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

Meritor management provided guidance for their next quarter, expecting earnings between $3.25 and $3.75 per share for the next quarter.

This represents a 337.5% in quarter-over-quarter growth for Meritor, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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

Posted In: BZI-RecapsEarningsNews