Workplace uniform provider UniFirst (NYSE: UNF) will be reporting earnings tomorrow morning. Here’s what to look for.
UniFirst met analysts’ revenue expectations last quarter, reporting revenues of $604.9 million, up 1.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and full-year EPS guidance in line with analysts’ estimates.
Is UniFirst a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting UniFirst’s revenue to grow 2.2% year on year to $603.5 million, slowing from the 8.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.34 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UniFirst has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.8% on average.
Looking at UniFirst’s peers in the business services & supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cintas delivered year-on-year revenue growth of 8.4%, meeting analysts’ expectations, and Steelcase reported revenues up 1.7%, in line with consensus estimates. Cintas traded up 6.6% following the results while Steelcase was also up 6.5%.
Read our full analysis of Cintas’s results here and Steelcase’s results here.
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