Vestis Corp reports results for the quarter ended September 30 - Earnings Summary

Vestis

21/11/2024 14:32

* Vestis Corp  VSTS.N  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 55
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 7 cents to 18 cents per share.
    * Revenue fell 4.4% to $684.28 million from a year ago;
analysts
expected $694.22 million. 
    * Vestis Corp's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $2.3 million.
    * Vestis Corp shares had fallen by 10.7% this quarter and
lost 37.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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
$13.60 
This summary was machine generated from LSEG data November 21 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
 Sep. 30 2024      0.13           0.11           Missed
 Jun. 30 2024      0.11           0.16           Beat
 Mar. 31 2024      0.22           0.13           Missed
 Dec. 31 2023      0.22           0.22           Met