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Recap: Universal Stainless Q3 Earnings – Universal Stainless (NASDAQ:USAP)

ByBenzinga Insights

Oct 26, 2022
Recap: Universal Stainless Q3 Earnings - Universal Stainless (NASDAQ:USAP)

Universal Stainless USAP reported its Q3 earnings results on Wednesday, October 26, 2022 at 06:45 AM.

Here’s what investors need to know about the announcement.

Earnings

Universal Stainless reported in-line EPS of $-0.14 versus an estimate of $-0.14.

Revenue was up $9.03 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 2.42% increase in the share price the next day.

Here’s a look at Universal Stainless’s past performance:

 








Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.11 -0.13 -0.13 -0.17
EPS Actual -0.16 -0.18 -0.18 -0.23
Revenue Estimate 51.55M 46.37M 42.10M 42.23M
Revenue Actual 52.16M 47.56M 43.23M 37.17M

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

Universal Stainless management provided guidance for Q3 2022, expecting earnings between $-0.14 and $-0.14 per share.

To track all earnings releases for Universal Stainless 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.