Cintas (NASDAQ:CTAS) reported its Q3 earnings results on Wednesday, March 23, 2022 at 08:30 AM.
Here's what investors need to know about the announcement.
Earnings
Cintas beat estimated earnings by 10.7%, reporting an EPS of $2.69 versus an estimate of $2.43.
Revenue was up $184.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11 which was followed by a 1.42% increase in the share price the next day.
Here's a look at Cintas's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.65 | 2.75 | 2.30 | 2.21 |
| EPS Actual | 2.76 | 3.11 | 2.47 | 2.37 |
| Revenue Estimate | 1.90B | 1.87B | 1.82B | 1.75B |
| Revenue Actual | 1.92B | 1.90B | 1.84B | 1.78B |
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
Cintas management provided guidance for their next quarter, expecting earnings between $2.54 and $2.74 per share for the next quarter.
This represents a -1.86% in quarter-over-quarter growth for Cintas, 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.
