Enerpac Tool Group Shares Down 9% on Q1 Miss
<p><a href='https://financialmodelingprep.com/financial-summary/EPAC'>Enerpac Tool Group Corp. (NYSE:EPAC) </a>shares closed more than 9% lower yesterday following the company’s reported Q1 results, with EPS coming in at $0.16, missing the consensus estimate of $0.21.</p>
<p>According to the analysts at RBC Capital, the company’s miss reflected the ongoing inflation/supply chain/logistics pressures, as well as the persistent overhang from the lagging oil & gas markets (30% of revenues). </p>
<p>The company missed on both sales and margins this quarter, and Q2 sales are expected to be down sequentially, in line with normal seasonality. This outlook means Enerpac is setting up for a back-end-weighted 2022 adding incremental risk to the story. </p>

NYSE:EPAC