Monro Inc reports results for the quarter ended March 31 - Earnings Summary

• Monro Inc MNRO.OQ reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of five analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -3 cents to 14 cents per share.

• Revenue fell 4.9% to $294.99 million from a year ago; analysts expected $289.50 million.

• Monro Inc's reported EPS for the quarter was a loss of 72 cents​.

• The company reported a quarterly loss of $21.28 million.

• Monro Inc shares had fallen by 11.7% this quarter and lost 48.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

• Wall Street's median 12-month price target for Monro Inc is $18.00

This summary was machine generated from LSEG data May 28 at 01:31 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)