Uncovering Potential: Driven Brands Hldgs's Earnings Preview
Portfolio Pulse from Benzinga Insights
Driven Brands Hldgs (NASDAQ:DRVN) is set to announce its quarterly earnings on October 31, 2024. Analysts estimate an EPS of $0.22. The company previously beat EPS estimates but saw a share price drop. Analysts rate DRVN as 'Outperform' with a price target suggesting a 26.45% upside. Despite strong revenue growth and gross profit, DRVN faces challenges with low return on equity and high debt-to-equity ratio.
October 30, 2024 | 6:02 pm
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Driven Brands Hldgs is expected to announce its earnings with an estimated EPS of $0.22. Analysts rate it as 'Outperform' with a potential 26.45% upside. Previous earnings beat estimates but led to a share price drop. Key factors include revenue growth, low ROE, and high debt-to-equity ratio.
The upcoming earnings announcement is crucial for DRVN, with analysts expecting an EPS of $0.22. The stock is rated 'Outperform' with a significant upside potential. However, past performance shows that even when EPS estimates were beaten, the stock price dropped, indicating that guidance and other financial metrics like ROE and debt management will be critical in determining short-term price movements.
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