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

Valvoline

08/05/2024 20:01

* Valvoline Inc  VVV.N  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 35 cents per share. Wall Street expected
results to range from 33 cents to 37 cents per share.
    * Revenue rose 12.8% to $388.70 million from a year ago;
analysts
expected $390.25 million. 
    * Valvoline Inc's reported EPS for the quarter was 32
cents​.
    * The company reported quarterly net income of $41.4
million.
    * Valvoline Inc shares had fallen by 0.8% this quarter and
gained 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is also "buy"

Wall Street's median 12-month price target for Valvoline Inc is
$45.00 
This summary was machine generated from LSEG data May 8 at 07:01
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
 Mar. 31 2024      0.35           0.37           Beat
 Dec. 31 2023      0.29           0.29           Met
 Sep. 30 2023      0.41           0.39           Missed
 Jun. 30 2023      0.36           0.43           Beat