Altra Industrial Motion: Q2 Earnings Insights

Altra Industrial Motion: Q2 Earnings Insights

 

Altra Industrial Motion AIMC reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM.

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

Earnings

Altra Industrial Motion reported in-line EPS of $0.84 versus an estimate of $0.84.

Revenue was up $9.50 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.2 which was followed by a 2.13% drop in the share price the next day.

Here's a look at Altra Industrial Motion's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.71 0.75 0.81 0.81
EPS Actual 0.91 0.67 0.80 0.89
Revenue Estimate 490.04M 461.47M 470.98M 467.96M
Revenue Actual 511.70M 469.80M 469.30M 488.60M

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

Altra Industrial Motion management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.

To track all earnings releases for Altra Industrial Motion visit their earnings calendar here.

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

Posted In: BZI-RecapsEarningsNews