AMETEK (NYSE:AME) reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
AMETEK beat estimated earnings by 4.72%, reporting an EPS of $1.33 versus an estimate of $1.27.
Revenue was up $243.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 2.73% drop in the share price the next day.
Here's a look at AMETEK's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.30 | 1.18 | 1.10 | 1.01 |
| EPS Actual | 1.37 | 1.26 | 1.15 | 1.07 |
| Revenue Estimate | 1.47B | 1.41B | 1.33B | 1.17B |
| Revenue Actual | 1.50B | 1.44B | 1.39B | 1.22B |
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
AMETEK management provided guidance for FY 2022, expecting earnings between $5.34 and $5.44 per share.
To track all earnings releases for AMETEK visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
