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

Driven Brands Holdings

03/05/2023 14:32

* Driven Brands Holdings Inc  DRVN.OQ  reported quarterly
adjusted
earnings of 25 cents​​ per share for the quarter ended in March.
The mean expectation of thirteen analysts for the quarter was
for earnings of 23 cents per share.
    * Revenue rose 20.1% to $562.47 million from a year ago;
analysts
expected $557.60 million. 
    * Driven Brands Holdings Inc's reported EPS for the quarter
was 17
cents​.
    * The mean earnings estimate of analysts had fallen by
about 28%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Driven Brands Holdings Inc shares had fallen by 0.1% this
quarter and gained 10.9% so far this year.
    * The company reported quarterly net income of $29.75
million.
    * Wall Street's median 12-month price target for Driven
Brands
Holdings Inc is $39.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.23           0.25           Beat
 Dec. 31 2022      0.24           0.25           Beat
 Sep. 30 2022      0.27           0.32           Beat
 Jun. 30 2022      0.29           0.35           Beat