Analysts on Wall Street project that UniFirst (UNF) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing an increase of 7.4% year over year. Revenues are projected to reach $603.04 million, increasing 2.1% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some UniFirst metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Core Laundry Operations' of $531.34 million. The estimate indicates a year-over-year change of +1.7%.
Analysts expect 'Revenues- First Aid' to come in at $28.90 million. The estimate indicates a change of +16.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Specialty Garments' should arrive at $42.30 million. The estimate indicates a change of -2.7% from the prior-year quarter.
View all Key Company Metrics for UniFirst here>>>
Shares of UniFirst have experienced a change of -15.2% in the past month compared to the -2.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), UNF is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Unifirst Corporation (UNF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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