UniFirst (UNF) got here out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.38 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 5.73%. 1 / 4 in the past, it was anticipated that this uniform supplier would put up earnings of $2.05 per share when it truly produced earnings of $2.46, delivering a shock of 20%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
UniFirst
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
UniFirst shares have added about 19.6% for the reason that starting of the 12 months versus the S&P 500’s acquire of 0.5%.
What’s Subsequent for UniFirst?
Whereas UniFirst has outperformed the market to this point this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a powerful monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for UniFirst: blended. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.28 on $603.04 million in revenues for the approaching quarter and $7.68 on $2.43 billion in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Uniform and Associated is presently within the backside 12% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Vestis (VSTS), is but to report outcomes for the quarter ended December 2024.
This supplier of uniforms and office provides is anticipated to put up quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -45.5%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Vestis’ revenues are anticipated to be $686.74 million, down 4.3% from the year-ago quarter.
Ought to You Spend money on Unifirst Company (UNF)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 by way of Might 6, 2024.)
Unifirst Corporation (UNF) : Free Stock Analysis Report
Vestis Corporation (VSTS) : Free Stock Analysis Report
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