Veritiv (NYSE:VRTV) reported its Q4 earnings results on Tuesday, March 1, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Veritiv beat estimated earnings by 37.97%, reporting an EPS of $3.67 versus an estimate of $2.66.
Revenue was up $223.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.68 which was followed by a 0.77% increase in the share price the next day.
Here's a look at Veritiv's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.86 | 0.81 | 0.02 | -0.73 |
| EPS Actual | 2.54 | 1.62 | 1.28 | 1.90 |
| Revenue Estimate | 1.63B | 1.52B | 1.52B | 1.56B |
| Revenue Actual | 1.77B | 1.66B | 1.56B | 1.64B |
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
Veritiv management provided guidance for their next quarter, expecting earnings between $13.5 and $16.25 per share for the next quarter.
This represents a 305.31% in quarter-over-quarter growth for Veritiv, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
