Container Store Group (NYSE:TCS) reported its Q3 earnings results on Tuesday, February 8, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Container Store Group beat estimated earnings by 33.33%, reporting an EPS of $0.28 versus an estimate of $0.21.
Revenue was up $8.17 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.25, which was followed by a 19.65% increase in the share price the next day.
Here’s a look at Container Store Group’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.29 | 0.09 | 0.57 | 0.33 |
| EPS Actual | 0.54 | 0.36 | 0.71 | 0.42 |
| Revenue Estimate | 260.47M | 227.45M | 295.19M | 262.16M |
| Revenue Actual | 275.95M | 245.31M | 314.68M | 275.48M |
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
Container Store Group management provided guidance for their next quarter, expecting earnings between $0.24 and $0.24 per share for the next quarter.
This represents a -14.29% in quarter-over-quarter growth for Container Store Group, a bearish signal to many investors.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
