Myers Indus (NYSE:MYE) reported its Q1 earnings results on Thursday, May 5, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Myers Indus beat estimated earnings by 51.52%, reporting an EPS of $0.5 versus an estimate of $0.33.
Revenue was up $51.06 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 3.65% increase in the share price the next day.
Here's a look at Myers Indus's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.21 | 0.26 | 0.27 | 0.19 |
| EPS Actual | 0.23 | 0.23 | 0.29 | 0.22 |
| Revenue Estimate | 189.03M | 197.03M | 158.37M | 160.60M |
| Revenue Actual | 199.58M | 200.06M | 187.37M | 174.43M |
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
Myers Indus management provided guidance for FY 2022, expecting earnings between $1.3 and $1.5 per share.
To track all earnings releases for Myers Indus visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
