Monro Inc reports results for the quarter ended in September 30 - Earnings Summary

Monro

30/10/2024 15:17

* Monro Inc  MNRO.OQ  reported quarterly adjusted earnings
of 17
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of five analysts for the quarter
was for earnings of 26 cents per share. Wall Street expected
results to range from 20 cents to 33 cents per share.
    * Revenue fell 6.4% to $301.39 million from a year ago;
analysts
expected $300.06 million. 
    * Monro Inc's reported EPS for the quarter was 18 cents​.
    * The company reported quarterly net income of $5.65
million.
    * Monro Inc shares had fallen by 7.2% this quarter and
lost 8.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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," 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
30.00 
This summary was machine generated from LSEG data October 30 at
03:17 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
 Sep. 30 2024      0.26           0.17           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