Leggett & Platt (NYSE:LEG) reported its Q1 earnings results on Monday, May 2, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Leggett & Platt beat estimated earnings by 17.86%, reporting an EPS of $0.66 versus an estimate of $0.56.
Revenue was up $171.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 2.65% increase in the share price the next day.
Here's a look at Leggett & Platt's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.73 | 0.78 | 0.54 | 0.42 |
| EPS Actual | 0.77 | 0.71 | 0.66 | 0.64 |
| Revenue Estimate | 1.29B | 1.32B | 1.23B | 1.14B |
| Revenue Actual | 1.33B | 1.32B | 1.27B | 1.15B |
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
Leggett & Platt management provided guidance for FY 2022, expecting earnings between $2.7 and $3.0 per share.
To track all earnings releases for Leggett & Platt visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
