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

Valvoline

10/05/2023 14:31

* Valvoline Inc  VVV.N  reported quarterly adjusted earnings
of
$7.15​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 28 cents per share.
    * Revenue fell 61.1% to $344.50 million from a year ago;
analysts
expected $344.36 million. 
    * Valvoline Inc's reported EPS for the quarter was $7.11​.
    * The mean earnings estimate of analysts had risen by
about 22.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Valvoline Inc shares had fallen by 1.9% this quarter and
gained 5.0% so far this year.
    * The company reported quarterly net income of $1.23
billion.
    * Wall Street's median 12-month price target for Valvoline
Inc is
$40.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.28           7.15           Beat
 Dec. 31 2022      0.22           0.16           Missed
 Sep. 30 2022      0.51           0.59           Beat
 Jun. 30 2022      0.57           0.58           Beat