• Tue. Feb 7th, 2023

Emerson Electric: Q4 Earnings Insights – Emerson Electric (NYSE:EMR)

ByBenzinga Insights

Oct 31, 2022
Emerson Electric: Q4 Earnings Insights - Emerson Electric (NYSE:EMR)

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.



Image and article originally from www.benzinga.com. Read the original article here.