Driven Brands Holdings Inc DRVN.OQ reported quarterly adjusted earnings of 36 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 29 cents to 36 cents per share.
Revenue fell 9.9% to $550.99 million from a year ago; analysts expected $539.77 million.
Driven Brands Holdings Inc's reported EPS for the quarter was 29 cents.
The company reported quarterly net income of $47.56 million.
Driven Brands Holdings Inc shares had fallen by 3.2% this quarter and gained 5.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.9% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $22.00, about 22.8% above its last closing price of $16.99
This summary was machine generated from LSEG data August 5 at 02:10 p.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)