What's Going On With Monro Stock After Q4 Results?
Portfolio Pulse from Nabaparna Bhattacharya
Monro, Inc. (NASDAQ:MNRO) shares are trading lower after the company reported Q4 earnings that missed analyst expectations. The company posted adjusted EPS of 21 cents, below the consensus of 30 cents, and revenues of $310.08 million, missing the expected $320.239 million. Monro also announced a cash dividend of $0.28 per share for Q1 FY2025.
May 23, 2024 | 3:40 pm
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Monro, Inc. reported Q4 earnings that missed analyst expectations, with adjusted EPS of 21 cents and revenues of $310.08 million. The company also announced a cash dividend of $0.28 per share for Q1 FY2025. Shares are trading lower by 7.92%.
The significant miss on both earnings and revenue expectations is likely to negatively impact investor sentiment in the short term. The announcement of a dividend may provide some support, but the overall impact is expected to be negative.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100