Vestis Analysts Boost Their Forecasts After Upbeat Q2 Earnings

Benzinga05-14

Vestis Corp (NYSE:VSTS) on Tuesday reported better-than-expected second-quarter financial results. Vestis reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of...

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Analysts raise price targets, stock dips 9.1%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4137":"综合支持服务","VSTS":"Vestis Corporation"},"translate_title":"Vestis分析师在第二季度盈利乐观后上调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VSTS":1},"content_text":"Vestis Corp (NYSE:VSTS) on Tuesday reported better-than-expected second-quarter financial results.\nVestis reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $659.400 million which beat the analyst consensus estimate of $655.311 million.\n“During the second quarter, Vestis continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage* and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA* increasing year-over-year, supported by the first quarter of improved operating leverage* since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. 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