Rent-A-Center RCII reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Rent-A-Center missed estimated earnings by 8.64%, reporting an EPS of $0.74 versus an estimate of $0.81.
Revenue was up $123.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.53 which was followed by a 16.43% drop in the share price the next day.
Here's a look at Rent-A-Center's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.61 | 1.50 | 1.35 | 1.11 |
| EPS Actual | 1.08 | 1.52 | 1.63 | 1.32 |
| Revenue Estimate | 1.20B | 1.18B | 1.14B | 953.23M |
| Revenue Actual | 1.17B | 1.18B | 1.19B | 1.04B |
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
Rent-A-Center management provided guidance for FY 2022, expecting earnings between $4.5 and $5.0 per share.
To track all earnings releases for Rent-A-Center visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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