Boot Barn Holdings (NYSE:BOOT) reported its Q3 earnings results on Thursday, January 27, 2022 at 04:10 PM.
Here's what investors need to know about the announcement.
Earnings
Boot Barn Holdings beat estimated earnings by 1.83%, reporting an EPS of $2.23 versus an estimate of $2.19, which did not surprise analysts.
Revenue was up $183.57 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.31, which was followed by a 2.19% increase in the share price the next day.
Here's a look at Boot Barn Holdings's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.91 | 0.88 | 0.47 | 1 |
| EPS Actual | 1.22 | 1.26 | 0.75 | 0.99 |
| Revenue Estimate | 290.95M | 287.33M | 232.86M | 303.34M |
| Revenue Actual | 312.72M | 306.33M | 258.87M | 302.34M |
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
Boot Barn Holdings management provided guidance for their next quarter, expecting earnings between $2.23 and $2.23 per share for the next quarter.
This represents a 0.0% in quarter-over-quarter growth for Boot Barn Holdings, 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.
