Unifirst Corporation (NYSE:UNF) provider of workplace uniforms and protective work wear, is reporting fourth quarter earnings results on Wednesday 21st October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.61 per share.
For the full year, analysts predict revenues of $ 1821.02 million, while looking forward to income of $ 7.09 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,860.00 million ~ $ 1,872.00 million, where as bottomline are predicted in a range of $ 7.60 ~ $ 7.92 per share
Click Here For More Historical Outlooks Of Unifirst Corporation
Previous Quarter Performance
Unifirst Corporation posted income for the third quarter of $ 1.12 per share, from the revenue of $ 445.52 million. The quarterly earnings reduced 54.47 percent while revenues contracted 1.85 percent compared with the same quarter last year.
According to street consensus, UNF was expected to report 3Q20 income of $ 1.25 per share from revenue of $ 381.67 million. The bottom line results missed street analysts by $ 0.13 or 10.4 percent, at the same time, top line results outshined analysts by $ 63.85 million or 16.73 percent.
Stock Performance
Shares of Unifirst Corporation traded up $ 4.90 or 2.55 percent on Tuesday, reaching $ 196.69 with volume of 85.60 thousand shares. Unifirst Corporation has traded high as $ 197.42 and has cracked $ 192.23 on the downward trend
The closing price of $ 196.69, representing a 57.35 % increase from the 52 week low of $ 121.89 and a 11.98 % decrease over the 52 week high of $ 217.90.
The company has a market capital of $ 3.72 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Conference Call
Unifirst Corporation will be hosting a conference call at 9:00 AM eastern time on 21st October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.unifirst.com
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments.
