Chesapeake Utilities CPK reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Chesapeake Utilities beat estimated earnings by 5.05%, reporting an EPS of $2.08 versus an estimate of $1.98.
Revenue was up $31.69 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 1.93% drop in the share price the next day.
Here’s a look at Chesapeake Utilities’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.31 | 0.59 | 0.71 | 1.83 |
| EPS Actual | 1.28 | 0.71 | 0.78 | 1.96 |
| Revenue Estimate | 173.50M | 113.60M | 106.23M | 183.63M |
| Revenue Actual | 160.37M | 107.33M | 111.08M | 191.19M |
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
Chesapeake Utilities management provided guidance for FY 2025, expecting earnings between $6.05 and $6.25 per share.
To track all earnings releases for Chesapeake Utilities visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.