Vestis Corp reports results for the quarter ended June 30 - Earnings Summary

• Vestis Corp VSTS reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of seven analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 4 cents to 18 cents per share.

• Revenue fell 3.5% to $673.80 million from a year ago; analysts expected $674.02 million.

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

• The company reported a quarterly loss of $676 thousand.

• Vestis Corp shares had risen by 4.5% this quarter and lost 60.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.4% 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," 5 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the personal services peer group is "buy."

• Wall Street's median 12-month price target for Vestis Corp is $6.00, about 0.2% above its last closing price of $5.99

This summary was machine generated from LSEG data August 6 at 05:32 a.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)