US Foods Hldg (NYSE:USFD) reported its Q1 earnings results on Thursday, May 12, 2022 at 06:50 AM.
Here's what investors need to know about the announcement.
Earnings
US Foods Hldg missed estimated earnings by 45.45%, reporting an EPS of $0.36 versus an estimate of $0.66.
Revenue was up $1.50 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 1.11% drop in the share price the next day.
Here's a look at US Foods Hldg's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.49 | 0.37 | 0.05 |
| EPS Actual | 0.38 | 0.48 | 0.58 | 0.12 |
| Revenue Estimate | 7.65B | 7.61B | 6.86B | 5.95B |
| Revenue Actual | 7.64B | 7.89B | 7.66B | 6.29B |
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
US Foods Hldg management provided guidance for FY 2022, expecting earnings between $1.8 and $2.1 per share.
To track all earnings releases for US Foods Hldg visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
