Tennant (NYSE:TNC) reported its Q1 earnings results on Thursday, April 28, 2022 at 09:00 AM.
Here's what investors need to know about the announcement.
Earnings
Tennant missed estimated earnings by 16.09%, reporting an EPS of $0.73 versus an estimate of $0.87.
Revenue was down $5.20 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 3.28% increase in the share price the next day.
Here's a look at Tennant's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.62 | 0.86 | 0.98 | 0.55 |
| EPS Actual | 0.71 | 1.33 | 1.18 | 1.17 |
| Revenue Estimate | 281.35M | 273.95M | 271.80M | 244.70M |
| Revenue Actual | 276.40M | 272.00M | 279.10M | 263.30M |
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
Tennant management provided guidance for FY 2022, expecting earnings between $4.15 and $4.75 per share.
To track all earnings releases for Tennant visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
