UniFirst Boosts FY23 Revenue Outlook; Q3 Adj. EPS Miss Estimates
(RTTNews) - While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) maintained its earnings guidance for the full-year 2023, while raising annual revenue outlook.
For fiscal 2023, the company now projects earnings in a range of $5.02 to $5.37 per share on revenues between $2.22 billion and $2.23 billion.
Previously, the company expected earnings in the range of $5.02 to $5.37 per share on revenues between $2.21 billion and $2.22 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.13 per share on revenues of $2.22 billion for the year. Analysts' estimates typically exclude special items.
For the third quarter, the company reported net income of $24.28 million or $1.29 per share, down from $25.07 million or $1.33 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.66 per share, compared to $1.77 per share in the year-ago quarter.
Consolidated revenue for the quarter increased 12.7 percent to $576.67 million from $511.55 million in the same quarter last year.
The Street was looking for earnings of $1.79 per share on revenues of $564.18 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
UniFirst Boosts FY24 EPS Outlook As Q3 Results Top Estimates
UniFirst Backs FY24 Outlook; Q1 Results Top Estimates
UniFirst Sees FY23 Adj. EPS Below View; Q4 Results Top Estimates
UniFirst Slashes FY22 Earnings Outlook As Q3 Adj. EPS Misses Estimates
U.S. Dollar Drops After Powell's Speech
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
