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Genesco (NYSE:GCO) reported its Q1 earnings results on Thursday, May 26, 2022 at 06:50 AM.
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Here's what investors need to know about the announcement.
Earnings
Genesco beat estimated earnings by 588.89%, reporting an EPS of $0.44 versus an estimate of $-0.09.
Revenue was down $17.95 million from the same period last year.
Past Earnings Performance
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Last quarter the company beat on EPS by $0.84 which was followed by a 3.56% drop in the share price the next day.
Here's a look at Genesco's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.64 | 1.29 | -0.01 | -0.52 |
| EPS Actual | 3.48 | 2.36 | 1.05 | 0.79 |
| Revenue Estimate | 726.57M | 575.57M | 517.76M | 449.15M |
| Revenue Actual | 727.66M | 600.55M | 555.18M | 538.70M |
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
Genesco management provided guidance for FY 2023, expecting earnings between $7.0 and $7.75 per share.
To track all earnings releases for Genesco visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.