Benzinga | Nov 16, 2021 11:23AM EST

A Preview Of Meritor's Earnings

Meritor (NYSE:MTOR) is set to give its latest quarterly earnings report on Wednesday, 2021-11-17. Here's what investors need to know before the announcement.

Analysts estimate that Meritor will likely report an Earnings Per Share (EPS) of $0.49

Meritor bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Past Earnings Performance

Last quarter the company beat on EPS by 24.00%, which was followed by a 0.42% increase in the share price the next day.

Here's a look at Meritor's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 0.50 0.61 0.39 0.03EPS Actual 0.62 0.68 0.60 0.15Price Change % 0.42% -1.88% -0.89% -0.08%

Stock Performance

Shares of Meritor were trading at $27.53 as of November 15. Over the last 52-week period, shares are up 8.42%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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