Valvoline Inc reports results for the quarter ended in June - Earnings Summary

Valvoline

09/08/2023 14:31

* Valvoline Inc  VVV.N  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 36 cents per share.
    * Revenue fell 60.7% to $376.20 million from a year ago;
analysts
expected $366.58 million. 
    * Valvoline Inc's reported EPS for the quarter was 38
cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Valvoline Inc shares had fallen by 3.5% this quarter and
gained 10.8% so far this year.
    * The company reported quarterly net income of $61.6
million.
    * Wall Street's median 12-month price target for Valvoline
Inc is
$43.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.36           0.43           Beat
 Mar. 31 2023      0.28           0.23           Missed
 Dec. 31 2022      0.22           0.16           Missed
 Sep. 30 2022      0.51           0.59           Beat