Recap: Tennant Q1 Earnings - Tennant (NYSE:TNC)

Tennant TNC reported its Q1 earnings results on Thursday, April 28, 2022 at 09:00 AM.

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

Tennant missed estimated earnings by 16.09%, reporting an EPS of $0.73 versus an estimate of $0.87.

Revenue was down $5.20 million from the same period last year.

Last quarter the company beat on EPS by $0.09 which was followed by a 3.28% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.62	0.86	0.98	0.55
EPS Actual	0.71	1.33	1.18	1.17
Revenue Estimate	281.35M	273.95M	271.80M	244.70M
Revenue Actual	276.40M	272.00M	279.10M	263.30M

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).

Tennant management provided guidance for FY 2022, expecting earnings between $4.15 and $4.75 per share.

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

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