BrightView Holdings Inc. (BV) saw its stock plummet 12.24% in after-hours trading on Wednesday following the release of its fourth-quarter earnings report that fell short of analyst expectations. The landscaping services company's disappointing results and lower-than-anticipated revenue guidance for the upcoming fiscal year sparked a sell-off among investors.
For the fourth quarter, BrightView reported adjusted earnings per share of $0.27, missing the analyst consensus estimate of $0.32. Revenue for the quarter came in at $702.8 million, falling short of the expected $718.57 million and representing a 3.55% decrease from the same period last year. The company attributed the revenue decline primarily to weakness in its Development Services segment, citing project timing issues.
Adding to investor concerns, BrightView provided a cautious outlook for fiscal year 2026, projecting revenue between $2.67 billion and $2.73 billion. This guidance falls below the average analyst expectation of $2.75 billion, suggesting potential challenges in the company's growth trajectory. Despite announcing an increase in its share repurchase authorization to $150 million, the market's focus remained on the underwhelming financial performance and guidance.
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