AstroNova(NASDAQ:ALOT) stock fell by 0.27% on Wednesday after the company reported its Q2 earnings results on Tuesday, September 14, 2021 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
AstroNova beat their estimated earnings by 116.67%, which surprised analysts.
Revenue was up $2,187,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 2.96% drop in the share price the next day.
Here’s a look at AstroNova’s past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 0.06 | 0.04 | 0.04 | 0.02 | -0.06 |
| EPS Actual | 0.13 | 0.08 | 0.12 | 0 | 0 |
| Price Change % | -0.27% | -2.96% | -3.73% | -0.6% | 2.1% |
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
AstroNova earnings and revenue guidance hasn’t been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
