Wall Street analysts expect that Driven Brands Holdings Inc. (NASDAQ:DRVN) will announce earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Driven Brands’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.08. The business is scheduled to report its next earnings results on Wednesday, June 9th.
According to Zacks, analysts expect that Driven Brands will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.59. For the next financial year, analysts expect that the firm will post earnings of $0.65 per share, with EPS estimates ranging from $0.49 to $0.78. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Driven Brands.
Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data on Tuesday, March 9th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). The company had revenue of $288.80 million during the quarter, compared to the consensus estimate of $281.77 million. The business’s revenue was up 58.1% compared to the same quarter last year.
In other news, insider Kyle L. Marshall purchased 2,220 shares of the company’s stock in a transaction that occurred on Tuesday, January 19th. The shares were bought at an average cost of $26.98 per share, for a total transaction of $59,895.60. Following the completion of the transaction, the insider now directly owns 23,546 shares of the company’s stock, valued at approximately $635,271.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gabriel C. Mendoza purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 22nd. The shares were purchased at an average price of $29.79 per share, for a total transaction of $893,700.00. Following the completion of the transaction, the executive vice president now directly owns 251,003 shares of the company’s stock, valued at $7,477,379.37. The disclosure for this purchase can be found here.
Shares of Driven Brands stock opened at $25.45 on Monday. The stock has a 50 day moving average of $26.92. Driven Brands has a one year low of $22.26 and a one year high of $35.56.
Driven Brands Company Profile
Driven Brands Holdings Inc automotive repair and maintenance services. The company offers services, such as automotive needs, paint, collision, glass, vehicle repair, oil change, maintenance, and car wash services. Driven Brands Holdings Inc was founded in 1972 and is headquartered in Charlotte, North Carolina.
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