We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Valvoline's (VVV) Earnings and Revenues Lag Estimates in Q3
Read MoreHide Full Article
Valvoline Inc. (VVV - Free Report) reported earnings from continuing operations of 37 cents per share in third-quarter fiscal 2024 (ended Jun 30, 2024), down from the year-ago quarter's tally of 40 cents.
Barring one-time items, adjusted earnings were 45 cents per share in the quarter, up from 43 cents a year ago. It missed the Zacks Consensus Estimate of 49 cents.
Revenues
Net sales increased around 12% year over year to $421.4 million in the quarter. The metric missed the Zacks Consensus Estimate of $422.4 million. System-wide same-store sales (SSS) rose 6.5% in the fiscal third quarter.
At the end of the quarter, Valvoline had cash and cash equivalents of $65.7 million, down about 87% sequentially. Long-term debt was $1,125.7 million, up nearly 18% sequentially.
Year-to-date continuing operations cash flow from operations was $170 million, while free cash flow was $17 million.
Outlook
Through the third quarter, the company’s performance has been primarily in line with expectations, with results trending at or slightly below the midpoint of the adjusted EBITDA and adjusted EPS guidance, factoring in the modest impacts of refranchising, VVV noted.
Price Performance
Valvoline’s shares have increased 13.9% in the past year against a 13.9% decline of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
VVV currently carries a Zacks Rank #5 (Strong Sell).
The Zacks Consensus Estimate for Newmont’s current-year earnings is pegged at $2.82, indicating a rise of 75% from year-ago levels. The consensus estimate for NEM’s earnings has increased 16% in the past 60 days.The stock has gained nearly 23.6% in the past year.
The Zacks Consensus Estimate for FNV’s current-year earnings is pegged at $3.27. The consensus estimate for FNV’s earnings has increased by 3% in the past 60 days. FNV beat the consensus estimate in the last four quarters, with the average earnings surprise being 10.5%.
The Zacks Consensus Estimate for AEM’s current fiscal year earnings is pegged at $3.65, indicating a year-over-year rise of 63.7%. AEM’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average earnings surprise being 15.7%. The company’s shares have increased 59.5% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Valvoline's (VVV) Earnings and Revenues Lag Estimates in Q3
Valvoline Inc. (VVV - Free Report) reported earnings from continuing operations of 37 cents per share in third-quarter fiscal 2024 (ended Jun 30, 2024), down from the year-ago quarter's tally of 40 cents.
Barring one-time items, adjusted earnings were 45 cents per share in the quarter, up from 43 cents a year ago. It missed the Zacks Consensus Estimate of 49 cents.
Revenues
Net sales increased around 12% year over year to $421.4 million in the quarter. The metric missed the Zacks Consensus Estimate of $422.4 million. System-wide same-store sales (SSS) rose 6.5% in the fiscal third quarter.
Valvoline Price, Consensus and EPS Surprise
Valvoline price-consensus-eps-surprise-chart | Valvoline Quote
Financials
At the end of the quarter, Valvoline had cash and cash equivalents of $65.7 million, down about 87% sequentially. Long-term debt was $1,125.7 million, up nearly 18% sequentially.
Year-to-date continuing operations cash flow from operations was $170 million, while free cash flow was $17 million.
Outlook
Through the third quarter, the company’s performance has been primarily in line with expectations, with results trending at or slightly below the midpoint of the adjusted EBITDA and adjusted EPS guidance, factoring in the modest impacts of refranchising, VVV noted.
Price Performance
Valvoline’s shares have increased 13.9% in the past year against a 13.9% decline of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
VVV currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Basic Materials space are Newmont Corporation (NEM - Free Report) , Franco-Nevada Corporation (FNV - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) . Newmont and Franco-Nevada sport a Zacks Rank #1 (Strong Buy), and Agnico Eagle carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Newmont’s current-year earnings is pegged at $2.82, indicating a rise of 75% from year-ago levels. The consensus estimate for NEM’s earnings has increased 16% in the past 60 days.The stock has gained nearly 23.6% in the past year.
The Zacks Consensus Estimate for FNV’s current-year earnings is pegged at $3.27. The consensus estimate for FNV’s earnings has increased by 3% in the past 60 days. FNV beat the consensus estimate in the last four quarters, with the average earnings surprise being 10.5%.
The Zacks Consensus Estimate for AEM’s current fiscal year earnings is pegged at $3.65, indicating a year-over-year rise of 63.7%. AEM’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average earnings surprise being 15.7%. The company’s shares have increased 59.5% in the past year.