Parker Hannifin (NYSE:PH) reported its Q3 earnings results on Thursday, May 5, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
Parker Hannifin beat estimated earnings by 3.87%, reporting an EPS of $4.83 versus an estimate of $4.65.
Revenue was up $340.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.55 which was followed by a 2.76% drop in the share price the next day.
Here's a look at Parker Hannifin's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 3.91 | 3.68 | 4.32 | 3.78 |
| EPS Actual | 4.46 | 4.26 | 4.38 | 4.11 |
| Revenue Estimate | 3.72B | 3.64B | 3.93B | 3.73B |
| Revenue Actual | 3.83B | 3.76B | 3.96B | 3.75B |
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
Parker Hannifin management provided guidance for FY 2022, expecting earnings between $18.0 and $18.3 per share.
To track all earnings releases for Parker Hannifin visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
