Vestis Corp reports results for the quarter ended December 31 - Earnings Summary

Vestis

31/01/2025 14:31

* Vestis Corp  VSTS.N  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of 22
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 12 cents per share. Wall Street expected
results to range from 11 cents to 15 cents per share.
    * Revenue fell 4.8% to $683.78 million from a year ago;
analysts
expected $688.88 million. 
    * Vestis Corp's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $832
thousand.
    * Vestis Corp shares had risen by 3.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is  "hold."

Wall Street's median 12-month price target for Vestis Corp is
$16.00 
This summary was machine generated from LSEG data January 31 at
02:31 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
 Dec. 31 2024      0.12           0.14           Beat
 Sep. 30 2024      0.13           0.11           Missed
 Jun. 30 2024      0.11           0.16           Beat
 Mar. 31 2024      0.22           0.13           Missed