Recap: UniFirst Q3 Earnings
Portfolio Pulse from Benzinga Insights
UniFirst (NYSE:UNF) reported its Q3 earnings, missing estimated earnings by 7.26% with an EPS of $1.66 versus an estimate of $1.79. However, revenue was up $65.12 million from the same period last year. Last quarter, the company beat EPS estimates which led to a 0.29% increase in the share price the next day.
June 28, 2023 | 12:25 pm
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NEGATIVE IMPACT
UniFirst's Q3 earnings missed estimates, which could potentially lead to a short-term decrease in share price. However, the increase in revenue and past performance of share price increase following an EPS beat could mitigate this.
UniFirst's missed earnings estimates could lead to a negative investor sentiment, potentially causing a short-term decrease in share price. However, the company's revenue increase and past performance of share price increase following an EPS beat could offset this negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100