Koppers Hldgs (NYSE:KOP) reported its Q1 earnings results on Friday, May 5, 2023 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Koppers Hldgs beat estimated earnings by 57.75%, reporting an EPS of $1.12 versus an estimate of $0.71.
Revenue was up $54.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 1.93% increase in the share price the next day.
Here’s a look at Koppers Hldgs’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.92 | 1.17 | 1.15 | 0.84 |
| EPS Actual | 1.09 | 1.19 | 0.97 | 0.91 |
| Revenue Estimate | 506.50M | 555.00M | 491.00M | 426.67M |
| Revenue Actual | 482.60M | 536.10M | 502.50M | 459.30M |
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
Koppers Hldgs management provided guidance for FY 2023, expecting earnings between $4.4 and $4.4 per share.
To track all earnings releases for Koppers Hldgs visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
