UniFirst Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
UniFirst Corporation (NYSE:UNF) is anticipated to report higher earnings for Q2 before the opening bell on March 27, 2024, with expected earnings of $1.43 per share, up from $1.39 per share year-over-year, and projected quarterly revenue of $587.84 million. The company previously reported a 9.5% year-over-year increase in Q1 sales to $593.5 million. Analysts from Barclays, Baird, JP Morgan, and UBS have provided various ratings and price targets for UNF, reflecting a mix of expectations.
March 26, 2024 | 12:07 pm
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UniFirst is expected to report higher Q2 earnings with a projected EPS of $1.43, up from $1.39 year-over-year, and anticipated revenue of $587.84 million. The company's Q1 sales grew by 9.5% Y/Y. Analysts have provided mixed ratings and adjusted price targets.
The anticipation of higher Q2 earnings and the reported growth in Q1 sales suggest a positive outlook for UniFirst, potentially leading to an increase in stock price. Analyst ratings and price target adjustments reflect a nuanced view but generally support the notion of strength in the company's financial performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100