Carpenter Tech: Q1 Earnings Insights

Carpenter Tech: Q1 Earnings Insights

Carpenter Tech CRS reported its Q1 earnings results on Thursday, October 27, 2022 at 08:00 AM.

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

Earnings

Carpenter Tech missed estimated earnings by 1300.0%, reporting an EPS of $-0.14 versus an estimate of $-0.01.

Revenue was up $135.30 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 3.28% increase in the share price the next day.

Here's a look at Carpenter Tech's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.02 -0.27 -0.62 -0.31
EPS Actual 0 -0.20 -0.58 -0.28
Revenue Estimate 506.52M 422.82M 381.54M 420.42M
Revenue Actual 563.80M 489.00M 396.00M 387.60M

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

Carpenter Tech management provided guidance for Q1 2023, expecting earnings between $-0.16 and $-0.14 per share.

To track all earnings releases for Carpenter Tech visit their earnings calendar here.

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

Posted In: BZI-RecapsEarnings