Crane: Q2 Earnings Insights

Crane CR reported its Q2 earnings results on Monday, July 25, 2022 at 05:01 PM.

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

Crane beat estimated earnings by 7.95%, reporting an EPS of $1.9 versus an estimate of $1.76.

Revenue was up $67.90 million from the same period last year.

Last quarter the company beat on EPS by $0.13 which was followed by a 5.67% drop in the share price the next day.

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

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	1.76	1.68	1.13	1.36	1.38
EPS Actual	1.90	1.81	1.25	1.89	1.83
Revenue Estimate	808.78M	800.82M	745.86M	770.65M	757.88M
Revenue Actual	864.30M	801.10M	770.50M	833.50M	796.40M

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).

Crane management provided guidance for FY 2022, expecting earnings between $7.45 and $7.85 per share.

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

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