Allegion (NYSE:ALLE) reported its Q1 earnings results on Tuesday, April 26, 2022 at 05:30 AM.
Here's what investors need to know about the announcement.
Earnings
Allegion beat estimated earnings by 11.46%, reporting an EPS of $1.07 versus an estimate of $0.96.
Revenue was up $29.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 1.58% drop in the share price the next day.
Here's a look at Allegion's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.02 | 1.30 | 1.29 | 1.02 |
| EPS Actual | 1.11 | 1.56 | 1.32 | 1.20 |
| Revenue Estimate | 680.39M | 717.89M | 708.47M | 649.76M |
| Revenue Actual | 709.20M | 717.00M | 746.90M | 694.30M |
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
Allegion management provided guidance for FY 2022, expecting earnings between $5.55 and $5.75 per share.
To track all earnings releases for Allegion visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
