Astec Industries (NASDAQ:ASTE) reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Astec Industries beat estimated earnings by 73.08%, reporting an EPS of $0.9 versus an estimate of $0.52.
Revenue was up $56.70 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 3.69% increase in the share price the next day.
Here’s a look at Astec Industries’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.30 | 0.40 | 0.11 |
| EPS Actual | 0.34 | 0.28 | 0.19 | 0.41 |
| Revenue Estimate | 313.55M | 301.03M | 308.70M | 286.56M |
| Revenue Actual | 349.90M | 315.20M | 318.20M | 291.20M |
To track all earnings releases for Astec Industries visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
