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

Vestis

07/02/2024 14:45

* Vestis Corp  VSTS.N  reported quarterly adjusted earnings
of 22
cents​​ per share for the quarter ended in December.  The mean
expectation of eight analysts for the quarter was for earnings
of 22 cents per share. Wall Street expected results to range
from 19 cents to 25 cents per share.
    * Revenue was $717.90 million​; analysts expected $724.72
million. 
    * Vestis Corp's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $12.27
million.
    * Vestis Corp shares had risen by 5.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 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 7 "strong buy" or "buy," 2
"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 Vestis Corp is
$24.00 
This summary was machine generated from LSEG data February 7 at
02:44 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 2023      0.22           0.22           Met
 Sep. 30 2023      0.32