Barnes Gr (NYSE:B) reported its Q4 earnings results on Friday, February 18, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Barnes Gr beat estimated earnings by 17.02%, reporting an EPS of $0.55 versus an estimate of $0.47.
Revenue was up $21.88 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 2.19% increase in the share price the next day.
Here's a look at Barnes Gr's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.51 | 0.43 | 0.31 | 0.33 |
| EPS Actual | 0.55 | 0.45 | 0.38 | 0.36 |
| Revenue Estimate | 319.31M | 304.15M | 278.80M | 282.78M |
| Revenue Actual | 325.06M | 321.16M | 301.63M | 289.12M |
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
Barnes Gr management provided guidance for their next quarter, expecting earnings between $2.2 and $2.45 per share for the next quarter.
This represents a 322.73% in quarter-over-quarter growth for Barnes Gr, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
