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

Monro

31/07/2024 15:17

* Monro Inc  MNRO.OQ  reported quarterly adjusted earnings
of 22
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 31
cents.  The mean expectation of five analysts for the quarter
was for earnings of one cent per share. Wall Street expected
results to range from zero cents to 3 cents per share.
    * Revenue fell 10.3% to $293.18 million from a year ago;
analysts
expected $293.59 million. 
    * Monro Inc's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $5.86
million.
    * Monro Inc shares had risen by 9.2% this quarter and
lost 11.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 98.5%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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
$25.00 
This summary was machine generated from LSEG data July 31 at
02:17 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
 Jun. 30 2024      0.01           0.22           Beat
 Mar. 31 2024      0.30           0.21           Missed
 Dec. 31 2023      0.39           0.39           Met
 Sep. 30 2023      0.40           0.41           Beat