BorgWarner (NYSE:BWA) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
BorgWarner beat estimated earnings by 20.69%, reporting an EPS of $1.05 versus an estimate of $0.87.
Revenue was down $135.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.31 which was followed by a 0.13% drop in the share price the next day.
Here's a look at BorgWarner's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.75 | 0.72 | 0.35 | 0.92 |
| EPS Actual | 1.06 | 0.80 | 1.08 | 1.21 |
| Revenue Estimate | 3.47B | 3.43B | 3.52B | 3.57B |
| Revenue Actual | 3.65B | 3.42B | 3.76B | 4.01B |
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
BorgWarner management provided guidance for FY 2022, expecting earnings between $3.9 and $4.25 per share.
To track all earnings releases for BorgWarner visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
