Shyft Group (NASDAQ:SHYF) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Shyft Group beat estimated earnings by 14.29%, reporting an EPS of $-0.06 versus an estimate of $-0.07.
Revenue was up $8.99 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 13.37% increase in the share price the next day.
Here's a look at Shyft Group's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.47 | 0.54 | 0.53 | 0.33 |
| EPS Actual | 0.56 | 0.63 | 0.53 | 0.36 |
| Revenue Estimate | 232.48M | 247.60M | 228.20M | 192.66M |
| Revenue Actual | 277.30M | 272.62M | 243.98M | 197.89M |
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
Shyft Group management provided guidance for FY 2022, expecting earnings between $0.75 and $1.41 per share.
To track all earnings releases for Shyft Group visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
