Recap: Parker Hannifin Q4 Earnings

Parker Hannifin PH reported its Q4 earnings results on Thursday, August 4, 2022 at 07:30 AM.

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

Earnings

Parker Hannifin beat estimated earnings by 10.49%, reporting an EPS of $5.16 versus an estimate of $4.67.

Revenue was up $229.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.18 which was followed by a 1.67% drop in the share price the next day.

Here's a look at Parker Hannifin'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

Parker Hannifin management provided guidance for FY 2023, expecting earnings between $18.1 and $18.9 per share.

To track all earnings releases for Parker Hannifin visit their earnings calendar here.

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