Aramark reports results for the quarter ended September 30 - Earnings Summary

• Aramark ARMK.N reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of eleven analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 51 cents to 60 cents per share.

• Revenue fell 9.9% to $4.42 billion from a year ago; analysts expected $4.46 billion.

• Aramark's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $122.41 million.

• Aramark shares had risen by 1.0% this quarter and gained 39.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.9% 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 "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for Aramark is 41.00

This summary was machine generated from LSEG data November 11 at 03:31 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)