Driven Brands Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Driven Brands Holdings

01/11/2024 03:43

* Driven Brands Holdings Inc  DRVN.OQ  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 20 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 22 cents
per share. Wall Street expected results to range from 19 cents
to 28 cents per share.
    * Revenue rose 1.8% to $591.68 million from a year ago;
analysts
expected $598.45 million. 
    * Driven Brands Holdings Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The company reported a quarterly loss of $14.95 million.
    * Driven Brands Holdings Inc shares had fallen by 0.6% this
quarter and lost 0.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
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 8 "strong buy" or "buy," 5
"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 $18.00 
This summary was machine generated from LSEG data November 1 at
03:43 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
 Sep. 30 2024      0.22           0.26           Beat
 Jun. 30 2024      0.28           0.35           Beat
 Mar. 31 2024      0.19           0.23           Beat
 Dec. 31 2023      0.19           0.19           Met