Essential Utilities (NYSE:WTRG) reported its Q1 earnings results on Monday, May 9, 2022 at 08:00 AM.

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

Earnings

Essential Utilities beat estimated earnings by 2.7%, reporting an EPS of $0.76 versus an estimate of $0.74.

Revenue was up $115.71 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 4.13% increase in the share price the next day.

Here's a look at Essential Utilities'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

Essential Utilities management provided guidance for FY 2022, expecting earnings between $1.75 and $1.8 per share.

To track all earnings releases for Essential Utilities visit their earnings calendar here.

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