Recap: Container Store Group Q3 Earnings
Portfolio Pulse from Benzinga Insights
Container Store Group (TCS) reported Q3 earnings with a significant miss on estimated earnings by 60%, posting an EPS of $-0.08 versus the expected $-0.05. Revenue also saw a decline, down $37.34 million from the same period last year. This follows a pattern from the last quarter where despite beating EPS estimates, the share price dropped by 4.86% the following day.
February 06, 2024 | 9:15 pm
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Container Store Group's Q3 earnings report showed a significant miss on EPS estimates and a notable decline in revenue compared to the same period last year.
The significant miss on earnings estimates and the decline in revenue year-over-year are strong indicators of potential negative short-term impact on TCS's stock price. Historical data from the previous quarter also suggests a pattern where earnings reports are followed by a drop in share price, further supporting the likelihood of a negative impact.
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