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Recap: nVent Electric Q1 Earnings

  nVent Electric (NYSE:NVT) reported its Q1 earnings results on Friday, April 29, 2022 at 06:30 AM. Here's what investors need to know about the announcement.

Benzinga · 04/29/2022 07:06

 

nVent Electric (NYSE:NVT) reported its Q1 earnings results on Friday, April 29, 2022 at 06:30 AM.

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

Earnings

nVent Electric beat estimated earnings by 13.64%, reporting an EPS of $0.5 versus an estimate of $0.44.

Revenue was up $145.80 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 3.55% increase in the share price the next day.

Here's a look at nVent Electric's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.48 0.48 0.4 0.35
EPS Actual 0.50 0.53 0.5 0.43
Revenue Estimate 608.39M 603.13M 536.51M 510.75M
Revenue Actual 669.00M 642.80M 601.30M 548.90M

To track all earnings releases for nVent Electric VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.