Recap: Container Store Group Q2 Earnings - Container Store Group (NYSE:TCS)

Container Store Group TCS reported its Q2 earnings results on Tuesday, November 2, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Container Store Group their estimated earnings by 86.21%, reporting an EPS of $0.54 versus an estimate of $0.29, which surprised analysts.

Revenue was up $27,713,000 from the same period last year.

Last quarter the company beat on EPS by $0.27, which was followed by a 0.72% drop in the share price the next day.

Here's a look at Container Store Group's past performance:

Quarter	Q1 2021	Q4 2020	Q3 2020	Q2 2020
EPS Estimate	0.09	0.57	0.33	0.03
EPS Actual	0.36	0.71	0.42	0.43
Revenue Estimate	227.45M	295.19M	262.16M	216.45M
Revenue Actual	245.31M	314.68M	275.48M	248.24M

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).

Container Store Group management provided guidance for their next quarter, expecting earnings between $0.28 and $0.28 per share for the nextquarter.

This represents a -48.15% in quarter-over-quarter growth for Container Store Group, a bearish signal to many investors.

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