Recap: Allegion Q1 Earnings - Allegion (NYSE:ALLE)

Allegion ALLE reported its Q1 earnings results on Tuesday, April 26, 2022 at 05:30 AM.

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

Allegion beat estimated earnings by 11.46%, reporting an EPS of $1.07 versus an estimate of $0.96.

Revenue was up $29.30 million from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 1.58% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.02	1.30	1.29	1.02
EPS Actual	1.11	1.56	1.32	1.20
Revenue Estimate	680.39M	717.89M	708.47M	649.76M
Revenue Actual	709.20M	717.00M	746.90M	694.30M

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).

Allegion management provided guidance for FY 2022, expecting earnings between $5.55 and $5.75 per share.

To track all earnings releases for Allegion visit their earnings calendar here.

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