Recap: Steris Q3 Earnings

Steris STE reported its Q3 earnings results on Tuesday, February 8, 2022 at 04:30 PM.

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

Earnings

Steris beat estimated earnings by 7.61%, reporting an EPS of $2.12 versus an estimate of $1.97.

Revenue was up $400.08 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.17, which was followed by a 5.92% drop in the share price the next day.

Here's a look at Steris'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

Steris management provided guidance for their next quarter, expecting earnings between $7.85 and $7.95 per share for the next quarter.

This represents a 272.64% in quarter-over-quarter growth for Steris, a bullish signal to many investors.

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