Aramark reports results for the quarter ended in December - Earnings Summary

Aramark

06/02/2024 14:32

* Aramark  ARMK.N  reported quarterly adjusted earnings of
41
cents​​ per share for the quarter ended in December, identical
to the same quarter last year.  The mean expectation of
fourteen analysts for the quarter was for earnings of 36 cents
per share. Wall Street expected results to range from 31 cents
to 42 cents per share.
    * Revenue fell 4.2% to $4.41 billion from a year ago;
analysts
expected $4.29 billion. 
    * Aramark's reported EPS for the quarter was 11 cents​.
    * The company reported quarterly net income of $28.54
million.
    * Aramark shares had risen by 4.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "buy"

Wall Street's median 12-month price target for Aramark is $33.00
This summary was machine generated from LSEG data February 6 at
02:32 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.36           0.41           Beat
 Sep. 30 2023      0.64           0.64           Met
 Jun. 30 2023      0.34           0.36           Beat
 Mar. 31 2023      0.26           0.28           Beat