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Myers Indus (NYSE:MYE) reported its Q1 earnings results on Thursday, May 4, 2023 at 06:30 AM.
Here's what investors need to know about the announcement.
Myers Indus beat estimated earnings by 5.56%, reporting an EPS of $0.38 versus an estimate of $0.36.
Revenue was down $9.75 million from the same period last year.
Last quarter the company beat on EPS by $0.03 which was followed by a 5.21% drop in the share price the next day.
Here's a look at Myers Indus's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.32 | 0.38 | 0.33 |
| EPS Actual | 0.32 | 0.41 | 0.45 | 0.50 |
| Revenue Estimate | 220.63M | 224.80M | 217.54M | 203.96M |
| Revenue Actual | 212.84M | 228.06M | 233.16M | 225.49M |
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).
Myers Indus management provided guidance for FY 2023, expecting earnings between $1.55 and $1.85 per share.
To track all earnings releases for Myers Indus visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: MYE
