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

Aramark

07/05/2024 14:31

* Aramark  ARMK.N  reported quarterly adjusted earnings of
29
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 28
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 26 cents to 28 cents per share.
    * Revenue fell 8.7% to $4.20 billion from a year ago;
analysts
expected $4.24 billion. 
    * Aramark's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $53.45
million.
    * Aramark shares had fallen by 2.8% this quarter and
gained 12.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 12 "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 $35.00
This summary was machine generated from LSEG data May 7 at 01:31
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
 Mar. 31 2024      0.27           0.29           Beat
 Dec. 31 2023      0.36           0.41           Beat
 Sep. 30 2023      0.64           0.64           Met
 Jun. 30 2023      0.34           0.36           Beat