Brightview Holdings hits over 2-year low after Q4 results miss

BrightView Holdings

17/11/2022 16:29

** Commercial landscaping services provider Brightview
Holdings Inc's  BV.N  shares fall 15% to $7.59, hit more than
2-year low
    ** Company reports Q4 earnings of $0.37/shr vs est $0.38/shr
- Refinitiv
    ** Brightview also misses Q4 sales estimates
    ** Company says higher fuel costs, impact of Hurricane Ian
and expenses related to employee savings plan hurt performance
    ** 2 of 6 brokerages rate stock "buy" or higher, 3 "hold"
and 1 "sell"; median PT $14
    ** YTD stock down 45.5% vs 11.9% decline in NYSE Composite
index  .NYA 
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com))