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.
Compared to Estimates, Driven Brands Holdings (DRVN) Q3 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended September 2024, Driven Brands Holdings Inc. (DRVN - Free Report) reported revenue of $591.68 million, up 1.8% over the same period last year. EPS came in at $0.26, compared to $0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $603.84 million, representing a surprise of -2.01%. The company delivered an EPS surprise of +13.04%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Driven Brands Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-store sales: 1.1% versus 1.1% estimated by five analysts on average.
Store Count - Maintenance: 1,899 versus 1,903 estimated by four analysts on average.
Store Count - Car Wash: 1,107 versus 1,110 estimated by four analysts on average.
Total Store Count: 5,109 versus 5,122 estimated by four analysts on average.
Revenue- Supply and other revenue: $77.29 million compared to the $81.05 million average estimate based on four analysts. The reported number represents a change of +4.6% year over year.
Revenue- Advertising contributions: $26.82 million compared to the $27.87 million average estimate based on four analysts. The reported number represents a change of -1.1% year over year.
Revenue- Independently-operated store sales: $49.96 million versus $43.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.6% change.
Revenue- Company-operated store sales: $388.13 million versus the four-analyst average estimate of $402.65 million. The reported number represents a year-over-year change of -0.2%.
Revenue- Franchise royalties and fees: $49.48 million compared to the $51.04 million average estimate based on four analysts. The reported number represents a change of +4.5% year over year.
Revenue- Corporate / Other: $10.10 million versus $8.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.8% change.
Revenue- Platform Services: $52.20 million versus $62.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change.
Revenue- Paint, Collision and Glass: $109 million versus $116.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.8% change.
Shares of Driven Brands Holdings have returned -4.1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Driven Brands Holdings (DRVN) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Driven Brands Holdings Inc. (DRVN - Free Report) reported revenue of $591.68 million, up 1.8% over the same period last year. EPS came in at $0.26, compared to $0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $603.84 million, representing a surprise of -2.01%. The company delivered an EPS surprise of +13.04%, with the consensus EPS estimate being $0.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Driven Brands Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-store sales: 1.1% versus 1.1% estimated by five analysts on average.
- Store Count - Maintenance: 1,899 versus 1,903 estimated by four analysts on average.
- Store Count - Car Wash: 1,107 versus 1,110 estimated by four analysts on average.
- Total Store Count: 5,109 versus 5,122 estimated by four analysts on average.
- Revenue- Supply and other revenue: $77.29 million compared to the $81.05 million average estimate based on four analysts. The reported number represents a change of +4.6% year over year.
- Revenue- Advertising contributions: $26.82 million compared to the $27.87 million average estimate based on four analysts. The reported number represents a change of -1.1% year over year.
- Revenue- Independently-operated store sales: $49.96 million versus $43.27 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.6% change.
- Revenue- Company-operated store sales: $388.13 million versus the four-analyst average estimate of $402.65 million. The reported number represents a year-over-year change of -0.2%.
- Revenue- Franchise royalties and fees: $49.48 million compared to the $51.04 million average estimate based on four analysts. The reported number represents a change of +4.5% year over year.
- Revenue- Corporate / Other: $10.10 million versus $8.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.8% change.
- Revenue- Platform Services: $52.20 million versus $62.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change.
- Revenue- Paint, Collision and Glass: $109 million versus $116.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.8% change.
View all Key Company Metrics for Driven Brands Holdings here>>>Shares of Driven Brands Holdings have returned -4.1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.