A.O. Smith (NYSE:AOS) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
A.O. Smith beat estimated earnings by 2.67%, reporting an EPS of $0.77 versus an estimate of $0.75.
Revenue was up $208.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 0.09% drop in the share price the next day.
Here's a look at A.O. Smith's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.77 | 0.68 | 0.64 | 0.57 |
| EPS Actual | 0.87 | 0.79 | 0.73 | 0.60 |
| Revenue Estimate | 962.35M | 852.25M | 811.54M | 768.34M |
| Revenue Actual | 995.50M | 914.60M | 859.80M | 769.00M |
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).
Guidance
A.O. Smith management provided guidance for FY 2022, expecting earnings between $3.35 and $3.55 per share.
To track all earnings releases for A.O. Smith visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
