Vestis Corp reports results for the quarter ended December 31 - Earnings Summary

• Vestis Corp VSTS.N reported quarterly adjusted earnings of 14 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of seven analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 11 cents to 15 cents per share.

• Revenue fell 4.8% to $683.78 million from a year ago; analysts expected $688.88 million.

• Vestis Corp's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $832 thousand.

• Vestis Corp shares had risen by 3.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the personal services peer group is "hold."

Wall Street's median 12-month price target for Vestis Corp is $16.00

This summary was machine generated from LSEG data January 31 at 02:31 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)