Crane (NYSE:CR) reported its Q4 earnings results on Monday, January 24, 2022 at 05:01 PM.
Here's what investors need to know about the announcement.
Earnings
Crane beat estimated earnings by 10.62%, reporting an EPS of $1.25 versus an estimate of $1.13, which surprised analysts.
Revenue was up $44.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.53, which was followed by a 8.57% increase in the share price the next day.
Here's a look at Crane's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.36 | 1.38 | 1.29 | 1.1 |
| EPS Actual | 1.89 | 1.83 | 1.66 | 1 |
| Revenue Estimate | 770.65M | 757.88M | 783.54M | 737.92M |
| Revenue Actual | 833.50M | 796.40M | 833.50M | 726.40M |
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
Crane management provided guidance for their next quarter, expecting earnings between $7.0 and $7.4 per share for the next quarter.
This represents a 476.0% in quarter-over-quarter growth for Crane, 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.
