Monro Inc reports results for the quarter ended in December - Earnings Summary

Monro

24/01/2024 14:31

* Monro Inc  MNRO.OQ  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 43
cents.  The mean expectation of six analysts for the quarter was
for earnings of 39 cents per share. Wall Street expected
results to range from 37 cents to 43 cents per share.
    * Revenue fell 5.2% to $317.65 million from a year ago;
analysts
expected $323.88 million. 
    * Monro Inc's reported EPS for the quarter was 38 cents​.
    * The company reported quarterly net income of $12.17
million.
    * Monro Inc shares had risen by 1.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "hold"

Wall Street's median 12-month price target for Monro Inc is
$28.00 
This summary was machine generated from LSEG data January 24 at
02:30 p.m. UTC. ​All figures in US dollars 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
 Dec. 31 2023      0.39           0.39           Met
 Sep. 30 2023      0.40           0.41           Beat
 Jun. 30 2023      0.38           0.31           Missed
 Mar. 31 2023      0.31           0.08           Missed