Altra Industrial Motion (NASDAQ:AIMC) reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Altra Industrial Motion reported in-line EPS of $0.84 versus an estimate of $0.84.
Revenue was up $9.50 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2 which was followed by a 2.13% drop in the share price the next day.
Here’s a look at Altra Industrial Motion’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.75 | 0.81 | 0.81 |
| EPS Actual | 0.91 | 0.67 | 0.80 | 0.89 |
| Revenue Estimate | 490.04M | 461.47M | 470.98M | 467.96M |
| Revenue Actual | 511.70M | 469.80M | 469.30M | 488.60M |
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
Altra Industrial Motion management provided guidance for FY 2022, expecting earnings between $3.22 and $3.37 per share.
To track all earnings releases for Altra Industrial Motion visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
