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

• Vestis Corp VSTS.N reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of seven analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 12 cents to 16 cents per share.

• Revenue fell 5.7% to $665.25 million from a year ago; analysts expected $690.03 million.

• Vestis Corp's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $27.83 million.

• Vestis Corp shares had fallen by 10.3% this quarter and lost 41.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.9% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the personal services peer group is also "hold"

• Wall Street's median 12-month price target for Vestis Corp is $13.20

This summary was machine generated from LSEG data May 6 at 11:42 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)