Karooooo Ltd reports results for the quarter ended in January - Earnings Summary

Karooooo

16/05/2024 24:04

* Karooooo Ltd  KARO.OQ  reported quarterly adjusted
earnings of
$6.81​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
R4.70.  The mean expectation of three analysts for the quarter
was for earnings of R6.29 per share. Wall Street expected
results to range from $6.07  to $6.54 per share.
    * Revenue rose 18.8% to R1.09 billion from a year ago;
analysts
expected R1.06 billion. 
    * Karooooo Ltd's reported EPS for the quarter was $6.81​.
    * The company reported quarterly net income of $210.69
million.
    * Karooooo Ltd shares had risen by 8.4% this quarter and
gained 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Karooooo Ltd is
$29.00 
This summary was machine generated from LSEG data May 15 at
11:04 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      6.29           6.81           Beat
 Nov. 30 2023      5.47           6.34           Beat
 Aug. 31 2023      5.28           5.61           Beat
 May. 31 2023      5.44           5.09           Missed