Element Solutions (NYSE:ESI) reported its Q1 earnings results on Wednesday, April 27, 2022 at 04:00 PM.

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

Earnings

Element Solutions beat estimated earnings by 8.57%, reporting an EPS of $0.38 versus an estimate of $0.35.

Revenue was up $130.10 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 0.26% drop in the share price the next day.

Here's a look at Element Solutions'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

Element Solutions management provided guidance for FY 2022, expecting earnings between $1.55 and $1.6 per share.

To track all earnings releases for Element Solutions visit their earnings calendar here.

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