Grocery Outlet Holding (NASDAQ:GO) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Grocery Outlet Holding reported in-line EPS of $0.2 versus an estimate of $0.2.
Revenue was up $24.12 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 12.26% increase in the share price the next day.
Here's a look at Grocery Outlet Holding's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.22 | 0.24 | 0.22 | 0.23 |
| EPS Actual | 0.24 | 0.23 | 0.23 | 0.24 |
| Revenue Estimate | 782.13M | 775.55M | 757.63M | 787.89M |
| Revenue Actual | 768.88M | 775.53M | 752.47M | 806.82M |
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
Grocery Outlet Holding management provided guidance for their next quarter, expecting earnings between $0.92 and $0.97 per share for the next quarter.
This represents a 372.5% in quarter-over-quarter growth for Grocery Outlet Holding, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
