Rite AidRAD stock rose by 3.3% on Friday after the company reported its Q2 earnings results on Thursday, September 23, 2021 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Rite Aid beat their estimated earnings by 14.58%, which surprised analysts.
Revenue was up $131,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16, which was followed by a 6.01% drop in the share price the next day.
Here's a look at Rite Aid's past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|
| EPS Estimate | -0.48 | 0.22 | -0.76 | -0.05 | |
| EPS Actual | -0.41 | 0.38 | -0.78 | 0.40 | 0.25 |
| Price Change % | 3.3% | -6.01% | -0.28% | -7.02% | -8.93% |
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
Rite Aid sees FY22 sales of $25.1B-$25.5B.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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