Uncovering Potential: Driven Brands Hldgs's Earnings Preview

Driven Brands Hldgs (NASDAQ:DRVN) is gearing up to announce its quarterly earnings on Thursday, 2024-10-31. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Driven Brands Hldgs will report an earnings per share (EPS) of $0.22.

The market awaits Driven Brands Hldgs's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

In the previous earnings release, the company beat EPS by $0.07, leading to a 6.48% drop in the share price the following trading session.

Here's a look at Driven Brands Hldgs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.28

0.19

0.19

0.18

EPS Actual

0.35

0.23

0.19

0.20

Price Change %

-6.0%

-1.0%

4.0%

7.000000000000001%

Analysts' Take on Driven Brands Hldgs

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Driven Brands Hldgs.

The consensus rating for Driven Brands Hldgs is Outperform, derived from 6 analyst ratings. An average one-year price target of $17.83 implies a potential 26.45% upside.

Comparing Ratings with Competitors

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