Xylem (NYSE:XYL) reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:55 AM.
Here’s what investors need to know about the announcement.
Earnings
Xylem beat estimated earnings by 22.22%, reporting an EPS of $0.66 versus an estimate of $0.54.
Revenue was up $13.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 4.45% drop in the share price the next day.
Here’s a look at Xylem’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.41 | 0.61 | 0.59 | 0.62 |
| EPS Actual | 0.47 | 0.63 | 0.63 | 0.66 |
| Revenue Estimate | 1.23B | 1.31B | 1.29B | 1.31B |
| Revenue Actual | 1.27B | 1.32B | 1.26B | 1.35B |
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
Xylem management provided guidance for FY 2022, expecting earnings between $2.5 and $2.7 per share.
To track all earnings releases for Xylem visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
