* UniFirst Corp reported quarterly adjusted earnings of $2.49 per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.75. The mean expectation of six analysts for the quarter was for earnings of $2.04 per share. Wall Street expected results to range from $1.99 to $2.12 per share.
* Revenue rose 11.9% to $639.87 million from a year ago; analysts expected $635.59 million.
* UniFirst Corp's reported EPS for the quarter was $2.39.
* The company reported quarterly net income of $44.64 million.
* UniFirst Corp shares had fallen by 4.4% this quarter and gained 3.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the business support services peer group is also "hold"
Wall Street's median 12-month price target for UniFirst Corp is 190.00 This summary was machine generated from LSEG data October 23 at 01:35 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
Aug. 31 2024 2.04 2.49 Beat
May. 31 2024 1.86 2.24 Beat
Feb. 29 2024 1.43 1.22 Missed
Nov. 30 2023 2.18 2.38 Beat
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