Driven Brands Hldgs Q3 2024 Adj. EPS $0.26 Beats $0.22 Estimate, Sales $591.679M Miss $598.445M Estimate
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Holdings reported Q3 2024 earnings per share of $0.26, surpassing the analyst estimate of $0.22. However, their sales of $591.679 million fell short of the expected $598.445 million, though they still marked a 1.83% increase from the previous year.
October 31, 2024 | 11:19 am
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Driven Brands Holdings exceeded EPS expectations for Q3 2024 but missed sales estimates. Despite the sales miss, there was a year-over-year increase in sales.
The EPS beat is a positive indicator, suggesting better profitability than expected, which could support the stock price. However, the sales miss might offset this positive sentiment, leading to a neutral short-term impact on the stock price.
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