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

Vestis

08/08/2024 12:00

* Vestis Corp  VSTS.N  reported quarterly adjusted earnings
of 16
cents​​ per share for the quarter ended in January.  The mean
expectation of eight analysts for the quarter was for earnings
of 11 cents per share. Wall Street expected results to range
from 9 cents to 14 cents per share.
    * Revenue was $698.25 million​; analysts expected $689.11
million. 
    * Vestis Corp's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $5.04
million.
    * Vestis Corp shares had risen by 3.9% this quarter and
lost 39.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the personal
services
peer group is also "hold"

Wall Street's median 12-month price target for Vestis Corp is
$12.84 
This summary was machine generated from LSEG data August 8 at
11:00 a.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
 Jan. 1 0001       0.11           0.16           Beat
 Mar. 31 2024      0.22           0.13           Missed
 Dec. 31 2023      0.22           0.22           Met
 Sep. 30 2023      0.32           0.55           Beat