Avanos Medical: Q2 Earnings Insights

Avanos Medical: Q2 Earnings Insights

 

Avanos Medical AVNS reported its Q2 earnings results on Tuesday, August 9, 2022 at 07:00 AM.

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

Earnings

Avanos Medical beat estimated earnings by 7.89%, reporting an EPS of $0.41 versus an estimate of $0.38.

Revenue was up $16.60 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 4.2% drop in the share price the next day.

Here's a look at Avanos Medical's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.26 0.40 0.30 0.23
EPS Actual 0.26 0.46 0.25 0.21
Revenue Estimate 197.80M 191.32M 185.34M 180.56M
Revenue Actual 197.40M 193.40M 184.10M 186.40M

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).

Guidance

Avanos Medical management provided guidance for FY 2022, expecting earnings between $1.45 and $1.65 per share.

To track all earnings releases for Avanos Medical visit their earnings calendar here.

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

Posted In: BZI-RecapsEarnings