Driven Brands (NASDAQ:DRVN – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Driven Brands has set its FY 2024 guidance at 0.880-1.000 EPS and its FY24 guidance at $0.88-$1.00 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Driven Brands (NASDAQ:DRVN – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $553.70 million for the quarter, compared to analysts’ expectations of $572.92 million. Driven Brands had a negative net margin of 32.33% and a positive return on equity of 11.00%. During the same quarter in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect Driven Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Driven Brands Stock Down 5.3 %
DRVN stock opened at $14.25 on Thursday. Driven Brands has a 1-year low of $10.60 and a 1-year high of $31.47. The business has a fifty day moving average price of $14.59 and a 200-day moving average price of $13.45. The stock has a market capitalization of $2.34 billion, a P/E ratio of -3.15, a P/E/G ratio of 0.89 and a beta of 1.18. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.92 and a quick ratio of 1.73.
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About Driven Brands
Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.
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