Karooooo Ltd reports results for the quarter ended November 30 - Earnings Summary

Karooooo

14/01/2025 22:02

* Karooooo Ltd  KARO.OQ  reported quarterly adjusted
earnings of
R7.67​​ per share for the quarter ended November 30, higher than
the same quarter last year, when the company reported EPS of
R6.34.  The mean expectation of two analysts for the quarter was
for earnings of R6.93 per share. Wall Street expected results to
range from R6.71  to R7.15 per share.
    * Revenue rose 7.3% to R1.16 billion from a year ago;
analysts
expected R1.15 billion. 
    * Karooooo Ltd's reported EPS for the quarter was R7.68​.
    * The company reported quarterly net income of R237.26
million.
    * Karooooo Ltd shares had risen by 5.8% 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," no
"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
$44.50 
This summary was machine generated from LSEG data January 14 at
10:01 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 2024      6.93           7.67           Beat
 Aug. 31 2024      6.85           7.35           Beat
 May. 31 2024      6.55           7.17           Beat
 Feb. 29 2024      6.29           6.81           Beat