Aramark expected to post earnings of 30 cents a share - Earnings Preview

Aramark

02/08/2024 16:45

* Aramark  ARMK.N   ARMK.K  is expected to show a fall in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Philadelphia Pennsylvania-based  company is expected
to
report a 9.2% decrease in revenue to $4.312 billion from $4.75
billion a year ago, according to the mean estimate from 12
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Aramark is for earnings
of 30
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Aramark is
$36.50​, above​ its last closing price of $33.40. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.27        0.27       0.29      Beat    8.1
 Dec. 31 2024  0.36        0.36       0.41      Beat    14
 Sep. 30 2023  0.64        0.64       0.64      Met     0.2​
 Jun. 30 2023  0.33        0.34       0.36      Beat    4.6
 ​​Mar.        0.26        0.26       0.28      Beat    7.2
 31 2023                                                
 Dec. 31 2022  0.42        0.43       0.41      Missed  -4.1​
 Sep. 30 2022  0.49        0.49       0.49      Met     0.9
 Jun. 30 2022  0.24        0.24       0.25      Beat    5.5
 This summary was machine generated August 2 at 15:45 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)