Karooooo Ltd expected to post earnings of R6.29 a share - Earnings Preview

Karooooo

13/05/2024 22:03

* Karooooo Ltd  KARO.OQ   KARO.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 15 for the
period ending February 29 2024
    * The  Singapore-based   company is expected to report a
15.5% increase in revenue to R1.058 billion from R916.36 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Karooooo Ltd is for
earnings
of R6.29 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Karooooo
Ltd is
$29.00​, above​ its last closing price of $26.77. ​​​

Previous quarterly performance (using preferred earnings measure
in rand). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  5.60        5.47       6.34      Beat    16
 Aug. 31 2023  5.30        5.28       5.61      Beat    6.3
 May. 31 2023  5.43        5.44       5.09      Missed  -6.4​
 Feb. 28 2023  4.68        4.68       4.70      Beat    0.4
 ​​Nov.        5.20        5.08       4.70      Missed  -7.5
 30 2022                                                
 Aug. 31 2022  4.86        4.83       4.93      Beat    2.1​
 May. 31 2022  4.30        4.31       4.96      Beat    15
 Feb. 28 2022  4.64        4.66       3.61      Missed  -22.5
 This summary was machine generated May 13 at 21:03 GMT.  All
figures in rand 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)