UniFirst Corp reports results for the quarter ended May 31 - Earnings Summary

• UniFirst Corp UNF reported quarterly adjusted earnings of $2.19​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $2.24. The mean expectation of five analysts for the quarter was for earnings of $2.09 per share. Wall Street expected results to range from $1.88 to $2.23 per share.

• Revenue rose 1.2% to $610.78 million from a year ago; analysts expected $614.51 million.

• UniFirst Corp's reported EPS for the quarter was $2.13​.

• The company reported quarterly net income of $39.68 million.

• UniFirst Corp shares had risen by 1.2% this quarter and gained 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "buy."

• Wall Street's median 12-month price target for UniFirst Corp is $196.00, about 2.9% above its last closing price of $190.41

This summary was machine generated from LSEG data July 2 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)