Reynolds Consumer (NASDAQ:REYN) reported its Q1 earnings results on Tuesday, May 10, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Reynolds Consumer reported in-line EPS of $0.26 versus an estimate of $0.26.
Revenue was up $88.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 0.53% increase in the share price the next day.
Here's a look at Reynolds Consumer's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.49 | 0.32 | 0.38 | 0.36 |
| EPS Actual | 0.51 | 0.33 | 0.39 | 0.36 |
| Revenue Estimate | 1.02B | 879.88M | 891.42M | 765.54M |
| Revenue Actual | 1.02B | 905.00M | 873.00M | 757.00M |
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
Reynolds Consumer management provided guidance for Q2 2022, expecting earnings between $0.23 and $0.27 per share.
To track all earnings releases for Reynolds Consumer visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
