Bruker (NASDAQ:BRKR) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Bruker beat estimated earnings by 16.36%, reporting an EPS of $0.64 versus an estimate of $0.55.
Revenue was up $90.30 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 3.86% increase in the share price the next day.
Here’s a look at Bruker’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.72 | 0.55 | 0.45 | 0.42 |
| EPS Actual | 0.74 | 0.66 | 0.45 | 0.49 |
| Revenue Estimate | 680.10M | 608.20M | 590.88M | 572.57M |
| Revenue Actual | 708.40M | 638.90M | 588.40M | 595.00M |
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
Bruker management provided guidance for FY 2023, expecting earnings between $2.55 and $2.6 per share.
To track all earnings releases for Bruker visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
