Container Store Group: Q3 Earnings Insights

Container Store Group TCS reported its Q3 earnings results on Tuesday, February 8, 2022 at 04:05 PM.

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

Container Store Group beat estimated earnings by 33.33%, reporting an EPS of $0.28 versus an estimate of $0.21.

Revenue was up $8.17 million from the same period last year.

Last quarter the company beat on EPS by $0.25, which was followed by a 19.65% increase in the share price the next day.

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

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.29	0.09	0.57	0.33
EPS Actual	0.54	0.36	0.71	0.42
Revenue Estimate	260.47M	227.45M	295.19M	262.16M
Revenue Actual	275.95M	245.31M	314.68M	275.48M

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 $0.24 and $0.24 per share for the next quarter.

This represents a -14.29% in quarter-over-quarter growth for Container Store Group, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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