Carrier Global (NYSE:CARR) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Carrier Global beat estimated earnings by 14.89%, reporting an EPS of $0.54 versus an estimate of $0.47.
Revenue was down $45.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 4.17% increase in the share price the next day.
Here's a look at Carrier Global's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.38 | 0.66 | 0.54 | 0.37 |
| EPS Actual | 0.44 | 0.71 | 0.64 | 0.48 |
| Revenue Estimate | 4.83B | 5.38B | 4.90B | 4.37B |
| Revenue Actual | 5.13B | 5.34B | 5.44B | 4.70B |
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
Carrier Global management provided guidance for FY 2022, expecting earnings between $2.2 and $2.3 per share.
To track all earnings releases for Carrier Global visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
