Recap: Cabot Q3 Earnings - Cabot (NYSE:CBT)

Cabot CBT reported its Q3 earnings results on Monday, August 8, 2022 at 04:30 PM.

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

Cabot beat estimated earnings by 10.9%, reporting an EPS of $1.73 versus an estimate of $1.56.

Revenue was up $232.00 million from the same period last year.

Last quarter the company beat on EPS by $0.28 which was followed by a 4.95% increase in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.41	1.11	1.03	1.18
EPS Actual	1.69	1.29	1.11	1.35
Revenue Estimate	922.58M	870.53M	915.01M	804.81M
Revenue Actual	1.09B	968.00M	904.00M	917.00M

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).

Cabot management provided guidance for FY 2022, expecting earnings between $6.1 and $6.2 per share.

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

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