Aramark reports results for the quarter ended September 30 - Earnings Summary

Aramark

11/11/2024 15:31

* Aramark  ARMK.N  reported quarterly adjusted earnings of
54
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 64
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 53 cents per share. Wall Street expected
results to range from 51 cents to 60 cents per share.
    * Revenue fell 9.9% to $4.42 billion from a year ago;
analysts
expected $4.46 billion. 
    * Aramark's reported EPS for the quarter was 46 cents​.
    * The company reported quarterly net income of $122.41
million.
    * Aramark shares had risen by 1.0% this quarter and
gained 39.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"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 41.00 
This summary was machine generated from LSEG data November 11 at
03:31 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
 Sep. 30 2024      0.53           0.54           Beat
 Jun. 30 2024      0.30           0.31           Beat
 Mar. 31 2024      0.27           0.29           Beat
 Dec. 31 2023                     0.41