Advertisement
Australia markets closed

  • ALL ORDS

    8,013.80
    +11.00 (+0.14%)
     

  • ASX 200

    7,767.50
    +7.90 (+0.10%)
     

  • AUD/USD

    0.6669
    +0.0018 (+0.27%)
     

  • OIL

    81.46
    -0.28 (-0.34%)
     

  • GOLD

    2,336.90
    +0.30 (+0.01%)
     

  • Bitcoin AUD

    91,309.30
    -924.20 (-1.00%)
     

  • CMC Crypto 200

    1,272.02
    -11.81 (-0.92%)
     

  • AUD/EUR

    0.6221
    +0.0015 (+0.24%)
     

  • AUD/NZD

    1.0950
    +0.0023 (+0.21%)
     

  • NZX 50

    11,717.43
    -117.59 (-0.99%)
     

  • NASDAQ

    19,682.87
    -106.16 (-0.54%)
     

  • FTSE

    8,164.12
    -15.56 (-0.19%)
     

  • Dow Jones

    39,118.86
    -45.20 (-0.12%)
     

  • DAX

    18,235.45
    +24.90 (+0.14%)
     

  • Hang Seng

    17,718.61
    +2.14 (+0.01%)
     

  • NIKKEI 225

    39,583.08
    +241.54 (+0.61%)
     

Compared to Estimates, UniFirst (UNF) Q3 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

UniFirst (UNF) reported $603.33 million in revenue for the quarter ended May 2024, representing a year-over-year increase of 4.6%. EPS of $2.19 for the same period compares to $1.29 a year ago.

The reported revenue represents a surprise of +0.39% over the Zacks Consensus Estimate of $600.97 million. With the consensus EPS estimate being $1.88, the EPS surprise was +16.49%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how UniFirst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Core Laundry Operations: $528.45 million versus the two-analyst average estimate of $524.53 million. The reported number represents a year-over-year change of +5.3%.

  • Revenues- First Aid: $27.29 million versus $27.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.

  • Revenues- Specialty Garments: $47.58 million compared to the $48.96 million average estimate based on two analysts. The reported number represents a change of -3.7% year over year.

  • Income (loss) from operations- Specialty Garments: $11.37 million versus the two-analyst average estimate of $10.93 million.

  • Income (loss) from operations- Core Laundry Operations: $36.93 million versus $34.22 million estimated by two analysts on average.

View all Key Company Metrics for UniFirst here>>>

Shares of UniFirst have returned -4.8% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Unifirst Corporation (UNF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research