Rent-A-Center: Q4 Earnings Insights

Rent-A-Center RCII reported its Q4 earnings results on Wednesday, February 23, 2022 at 04:00 PM.

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

Rent-A-Center missed estimated earnings by 32.92%, reporting an EPS of $1.08 versus an estimate of $1.61.

Revenue was up $454.51 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 18.4% drop in the share price the next day.

Here's a look at Rent-A-Center's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	1.50	1.35	1.11	1.02
EPS Actual	1.52	1.63	1.32	1.03
Revenue Estimate	1.18B	1.14B	953.23M	712.94M
Revenue Actual	1.18B	1.19B	1.04B	716.49M

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).

Rent-A-Center management provided guidance for their next quarter, expecting earnings between $0.65 and $0.8 per share for the next quarter.

This represents a -32.87% in quarter-over-quarter growth for Rent-A-Center, 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.