Altra Industrial Motion (NASDAQ:AIMC) 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
Altra Industrial Motion beat estimated earnings by 28.17%, reporting an EPS of $0.91 versus an estimate of $0.71.
Revenue was up $39.60 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.08 which was followed by a 1.63% drop in the share price the next day.
Here's a look at Altra Industrial Motion's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.75 | 0.81 | 0.81 | 0.76 |
| EPS Actual | 0.67 | 0.80 | 0.89 | 0.86 |
| Revenue Estimate | 461.47M | 470.98M | 467.96M | 462.49M |
| Revenue Actual | 469.80M | 469.30M | 488.60M | 472.10M |
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
Altra Industrial Motion management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.
To track all earnings releases for Altra Industrial Motion visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
