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Emerson Electric EMR reported its Q4 earnings results on Monday, October 31, 2022 at 06:35 AM.
Here’s what investors need to know about the announcement.
Earnings
Emerson Electric beat estimated earnings by 10.87%, reporting an EPS of $1.53 versus an estimate of $1.38.
Revenue was up $413.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 0.5% increase in the share price the next day.
Here’s a look at Emerson Electric’s past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.30 | 1.18 | 0.99 | 1.18 |
| EPS Actual | 1.38 | 1.29 | 1.05 | 1.21 |
| Revenue Estimate | 5.12B | 4.71B | 4.47B | 5.09B |
| Revenue Actual | 5.00B | 4.79B | 4.47B | 4.95B |
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
Emerson Electric management provided guidance for FY 2023, expecting earnings between $4.0 and $4.15 per share.
To track all earnings releases for Emerson Electric visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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