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Recap: Rent-A-Center Q1 Earnings

Rent-A-Center (NASDAQ:RCII) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.

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

Earnings

Rent-A-Center missed estimated earnings by 8.64%, reporting an EPS of $0.74 versus an estimate of $0.81.

Revenue was up $123.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.53 which was followed by a 16.43% drop in the share price the next day.

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

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 1.61 1.50 1.35 1.11
EPS Actual 1.08 1.52 1.63 1.32
Revenue Estimate 1.20B 1.18B 1.14B 953.23M
Revenue Actual 1.17B 1.18B 1.19B 1.04B

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

Rent-A-Center management provided guidance for FY 2022, expecting earnings between $4.5 and $5.0 per share.

To track all earnings releases for Rent-A-Center visit their earnings calendar here.

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

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