Spire (NYSE:SR) reported its Q2 earnings results on Friday, May 6, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Spire beat estimated earnings by 10.32%, reporting an EPS of $3.42 versus an estimate of $3.1.
Revenue was down $224.91 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 0.79% increase in the share price the next day.
Here's a look at Spire's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.32 | -0.69 | 3.08 | |
| EPS Actual | 1.14 | -0.32 | 0.06 | 3.71 |
| Revenue Estimate | 537.20M | 254.89M | 336.37M | 773.16M |
| Revenue Actual | 555.40M | 290.20M | 327.80M | 1.10B |
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
Spire management provided guidance for FY 2022, expecting earnings between $3.75 and $3.95 per share.
To track all earnings releases for Spire visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
