Myers Indus: Q1 Earnings Insights - Myers Indus (NYSE:MYE)

Myers Indus MYE reported its Q1 earnings results on Thursday, May 4, 2023 at 06:30 AM.

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

Myers Indus beat estimated earnings by 5.56%, reporting an EPS of $0.38 versus an estimate of $0.36.

Revenue was down $9.75 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 5.21% drop in the share price the next day.

Here's a look at Myers Indus's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.29	0.32	0.38	0.33
EPS Actual	0.32	0.41	0.45	0.50
Revenue Estimate	220.63M	224.80M	217.54M	203.96M
Revenue Actual	212.84M	228.06M	233.16M	225.49M

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).

Myers Indus management provided guidance for FY 2023, expecting earnings between $1.55 and $1.85 per share.

To track all earnings releases for Myers Indus visit their earnings calendar here.

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