Driven Brands Holdings Inc reports results for the quarter ended in December - Earnings Summary

Driven Brands Holdings

23/02/2024 03:05

* Driven Brands Holdings Inc  DRVN.OQ  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 16 cents to 23
cents per share.
    * Revenue rose 2.6% to $553.68 million from a year ago;
analysts
expected $571.02 million. 
    * Driven Brands Holdings Inc's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $13.15 million.
    * Driven Brands Holdings Inc shares had risen by 2.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is also "buy"

Wall Street's median 12-month price target for Driven Brands
Holdings Inc is $20.00 
This summary was machine generated from LSEG data February 23 at
03:04 a.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      0.19           0.19           Met
 Sep. 30 2023      0.18           0.20           Beat
 Jun. 30 2023      0.31           0.29           Missed
 Mar. 31 2023      0.23           0.25           Beat