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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.
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