Genesco (NYSE:GCO) reported its Q1 earnings results on Thursday, May 26, 2022 at 06:50 AM.
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
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.
