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ESCO Technologies ESE reported its Q3 earnings results on Monday, August 8, 2022 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
ESCO Technologies beat estimated earnings by 2.3%, reporting an EPS of $0.89 versus an estimate of $0.87.
Revenue was up $37.67 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 6.89% increase in the share price the next day.
Here’s a look at ESCO Technologies’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.56 | 0.52 | 0.78 | 0.82 |
| EPS Actual | 0.65 | 0.46 | 0.85 | 0.67 |
| Revenue Estimate | 189.67M | 182.19M | 201.18M | 192.31M |
| Revenue Actual | 204.93M | 177.01M | 205.48M | 181.39M |
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
ESCO Technologies management provided guidance for FY 2022, expecting earnings between $3.12 and $3.18 per share.
To track all earnings releases for ESCO Technologies visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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