UniFirst Corp reports results for the quarter ended in August 31 - Earnings Summary

UniFirst

23/10/2024 14:35

* UniFirst Corp  UNF.N  reported quarterly adjusted earnings
of
$2.49​​ per share for the quarter ended August 31, higher than
the same quarter last year, when the company reported EPS of
$1.75.  The mean expectation of six analysts for the quarter was
for earnings of $2.04 per share. Wall Street expected results to
range from $1.99  to $2.12 per share.
    * Revenue rose 11.9% to $639.87 million from a year ago;
analysts
expected $635.59 million. 
    * UniFirst Corp's reported EPS for the quarter was $2.39​.
    * The company reported quarterly net income of $44.64
million.
    * UniFirst Corp shares had fallen by 4.4% this quarter and
gained 3.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 1 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "hold"

Wall Street's median 12-month price target for UniFirst Corp is
190.00 
This summary was machine generated from LSEG data October 23 at
01:35 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
 Aug. 31 2024      2.04           2.49           Beat
 May. 31 2024      1.86           2.24           Beat
 Feb. 29 2024      1.43           1.22           Missed
 Nov. 30 2023      2.18           2.38           Beat