Vestis Q3 2024 Adj. EPS $0.16 Beats $0.11 Estimate, Sales $698.248M Beat $689.113M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vestis (NYSE:VSTS) reported Q3 2024 adjusted EPS of $0.16, beating the $0.11 estimate by 45.45%. Sales were $698.248M, surpassing the $689.113M estimate by 1.33%. However, both EPS and sales decreased compared to the same period last year.
August 07, 2024 | 11:33 am
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Vestis (NYSE:VSTS) reported Q3 2024 adjusted EPS of $0.16, beating the $0.11 estimate by 45.45%. Sales were $698.248M, surpassing the $689.113M estimate by 1.33%. However, both EPS and sales decreased compared to the same period last year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on the stock price. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100