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

Karooooo

22/01/2024 22:38

* Karooooo Ltd  KARO.OQ  reported quarterly adjusted
earnings of
R6.34​​ per share for the quarter ended in November, 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 R5.47 per share. Wall Street expected
results to range from R5.13  to R5.86 per share.
    * Revenue rose 16.1% to R1.08 billion from a year ago;
analysts
expected R985.87 million. 
    * Karooooo Ltd's reported EPS for the quarter was R6.34​.
    * The company reported quarterly net income of R196.34
million.
    * Karooooo Ltd shares had risen by 3.0% this quarter.

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
$26.00 
This summary was machine generated from LSEG data January 22 at
10:38 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
 Nov. 30 2023      5.47           6.34           Beat
 Aug. 31 2023      5.28           5.61           Beat
 May. 31 2023      5.44           5.09           Missed
 Feb. 28 2023      4.68           4.70           Beat