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Emerson Electric (NYSE:EMR) reported its Q2 earnings results on Wednesday, May 4, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
Emerson Electric beat estimated earnings by 9.32%, reporting an EPS of $1.29 versus an estimate of $1.18.
Revenue was up $360.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 0.99% drop in the share price the next day.
Here's a look at Emerson Electric's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.99 | 1.18 | 0.97 | 0.90 |
| EPS Actual | 1.05 | 1.21 | 1.09 | 0.97 |
| Revenue Estimate | 4.47B | 5.09B | 4.57B | 4.36B |
| Revenue Actual | 4.47B | 4.95B | 4.70B | 4.43B |
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
Emerson Electric management provided guidance for FY 2022, expecting earnings between $4.95 and $5.1 per share.
To track all earnings releases for Emerson Electric visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
