Vestis (VSTS) Tops Q1 Earnings Estimates

Group 1 - Vestis (VSTS) reported quarterly earnings of $0.14 per share, exceeding the Zacks Consensus Estimate of$ 0.12 per share, but down from $0.22 per share a year ago, representing an earnings surprise of 16.67% [1] - The company posted revenues of$ 683.78 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.43%, and down from $717.92 million year-over-year [2] - Vestis has surpassed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates just once during the same period [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Vestis shares have increased approximately 3.9% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.14 on revenues of $696.59 million, and for the current fiscal year, it is$ 0.66 on revenues of $2.84 billion [7] Group 3 - The Zacks Industry Rank for Uniform and Related is currently in the top 7% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Vestis is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]