Xylem (NYSE:XYL) reported its Q1 earnings results on Wednesday, May 4, 2022 at 06:55 AM.
Here's what investors need to know about the announcement.
Earnings
Xylem beat estimated earnings by 14.63%, reporting an EPS of $0.47 versus an estimate of $0.41.
Revenue was up $16.00 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 1.24% drop in the share price the next day.
Here's a look at Xylem's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.61 | 0.59 | 0.62 | 0.38 |
| EPS Actual | 0.63 | 0.63 | 0.66 | 0.56 |
| Revenue Estimate | 1.31B | 1.29B | 1.31B | 1.17B |
| Revenue Actual | 1.32B | 1.26B | 1.35B | 1.26B |
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
Xylem management provided guidance for FY 2022, expecting earnings between $2.4 and $2.7 per share.
To track all earnings releases for Xylem visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
