Rite Aid RAD reported its Q4 earnings results on Thursday, April 20, 2023 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Rite Aid missed estimated earnings by 61.04%, reporting an EPS of $-1.24 versus an estimate of $-0.77.
Revenue was up $28.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 5.91% drop in the share price the next day.
Here's a look at Rite Aid's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.31 | -0.55 | -0.7 | -0.56 |
| EPS Actual | -0.14 | -0.63 | -0.6 | -1.63 |
| Revenue Estimate | 5.94B | 5.77B | 5.75B | 5.95B |
| Revenue Actual | 6.08B | 5.90B | 6.01B | 6.07B |
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 management provided guidance for FY 2024, expecting earnings between $-4.93 and $-4.44 per share.
To track all earnings releases for Rite Aid visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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