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

Karooooo

19/07/2023 22:37

* Karooooo Ltd  KARO.OQ  reported quarterly adjusted
earnings of
R5.09​​ per share for the quarter ended in May. The mean
expectation of three analysts for the quarter was for earnings
of R5.44 per share.
    * Revenue rose 24.4% to R996.79 million from a year ago;
analysts
expected R954.11 million. 
    * Karooooo Ltd's reported EPS for the quarter was R5.09​.
    * The mean earnings estimate of analysts had risen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Karooooo Ltd shares had risen by 3.2% this quarter and
gained 3.6% so far this year.
    * The company reported quarterly net income of R157.48
million.
    * Wall Street's median 12-month price target for Karooooo
Ltd is
$27.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
19 at 09:36 p.m. UTC. ​All figures in rand unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      5.44           5.09           Missed
 Feb. 28 2023      4.68           4.70           Beat
 Nov. 30 2022      5.08           4.70           Missed
 Aug. 31 2022      4.83           4.93           Beat