Applied Industrial (NYSE:AIT) reported its Q3 earnings results on Thursday, April 28, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Applied Industrial beat estimated earnings by 25.17%, reporting an EPS of $1.89 versus an estimate of $1.51.
Revenue was up $139.72 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.47 which was followed by a 0.43% increase in the share price the next day.
Here's a look at Applied Industrial's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.08 | 1.26 | 1.15 | 1.03 |
| EPS Actual | 1.55 | 1.43 | 1.44 | 1.37 |
| Revenue Estimate | 850.87M | 877.00M | 841.55M | 814.90M |
| Revenue Actual | 876.90M | 891.68M | 895.89M | 840.94M |
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
Applied Industrial management provided guidance for FY 2022, expecting earnings between $6.15 and $6.25 per share.
To track all earnings releases for Applied Industrial visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
