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

Driven Brands Holdings

01/11/2023 13:32

* Driven Brands Holdings Inc  DRVN.OQ  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 32 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 18 cents per
share. Wall Street expected results to range from 14 cents to 23
cents per share.
    * Revenue rose 12.5% to $581.03 million from a year ago;
analysts
expected $570.54 million. 
    * Driven Brands Holdings Inc's reported EPS for the quarter
was a
loss of $4.82​.
    * The company reported a quarterly loss of $799.31 million.
    * Driven Brands Holdings Inc shares had fallen by 9.6% this
quarter and lost 58.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.5%
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 10 "strong buy" or "buy," 2
"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 $23.50 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.18           0.20           Beat
 Jun. 30 2023      0.31           0.29           Missed
 Mar. 31 2023      0.23           0.25           Beat
 Dec. 31 2022      0.24           0.25           Beat