EMCOR Gr (NYSE:EME) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
EMCOR Gr missed estimated earnings by 13.66%, reporting an EPS of $1.39 versus an estimate of $1.61.
Revenue was up $289.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 4.36% increase in the share price the next day.
Here's a look at EMCOR Gr's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.88 | 1.77 | 1.58 | 1.22 |
| EPS Actual | 1.89 | 1.85 | 1.78 | 1.54 |
| Revenue Estimate | 2.56B | 2.39B | 2.25B | 2.20B |
| Revenue Actual | 2.64B | 2.52B | 2.44B | 2.30B |
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
EMCOR Gr management provided guidance for FY 2022, expecting earnings between $7.15 and $7.85 per share.
To track all earnings releases for EMCOR Gr visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
