Crane (NYSE:CR) reported its Q2 earnings results on Monday, July 25, 2022 at 05:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Crane beat estimated earnings by 7.95%, reporting an EPS of $1.9 versus an estimate of $1.76.
Revenue was up $67.90 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 5.67% drop in the share price the next day.
Here’s a look at Crane’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 1.76 | 1.68 | 1.13 | 1.36 | 1.38 |
| EPS Actual | 1.90 | 1.81 | 1.25 | 1.89 | 1.83 |
| Revenue Estimate | 808.78M | 800.82M | 745.86M | 770.65M | 757.88M |
| Revenue Actual | 864.30M | 801.10M | 770.50M | 833.50M | 796.40M |
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
Crane management provided guidance for FY 2022, expecting earnings between $7.45 and $7.85 per share.
To track all earnings releases for Crane visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
