Veritiv: Q4 Earnings Insights

Veritiv VRTV reported its Q4 earnings results on Tuesday, March 1, 2022 at 08:00 AM.

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

Veritiv beat estimated earnings by 37.97%, reporting an EPS of $3.67 versus an estimate of $2.66.

Revenue was up $223.00 million from the same period last year.

Last quarter the company beat on EPS by $0.68 which was followed by a 0.77% increase in the share price the next day.

Here's a look at Veritiv's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	1.86	0.81	0.02	-0.73
EPS Actual	2.54	1.62	1.28	1.90
Revenue Estimate	1.63B	1.52B	1.52B	1.56B
Revenue Actual	1.77B	1.66B	1.56B	1.64B

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).

Veritiv management provided guidance for their next quarter, expecting earnings between $13.5 and $16.25 per share for the next quarter.

This represents a 305.31% in quarter-over-quarter growth for Veritiv, a bullish signal to many investors.

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