Ichor Hldgs (NASDAQ:ICHR) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Ichor Hldgs missed estimated earnings by 22.22%, reporting an EPS of $0.7 versus an estimate of $0.9.
Revenue was up $28.58 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 2.51% drop in the share price the next day.
Here's a look at Ichor Hldgs's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.91 | 0.88 | 0.85 | 0.72 |
| EPS Actual | 0.90 | 0.81 | 0.90 | 0.76 |
| Revenue Estimate | 291.04M | 280.80M | 285.00M | 258.20M |
| Revenue Actual | 287.19M | 262.86M | 282.31M | 264.57M |
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
Ichor Hldgs management provided guidance for Q2 2022, expecting earnings between $0.68 and $0.94 per share.
To track all earnings releases for Ichor Hldgs visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
