Vestis Forecasts 3% Q4 Revenue Drop to $664.7M, EPS at $0.07
Vestis Corp is forecast to report Q4 revenue of $664.7 million, a 3% decline but an improvement from last year’s 4.5% drop off a flat $686.2 million in Q3. Adjusted EPS are set at $0.07 per share, with analysts maintaining estimates after six revenue misses in two years.
1. Q4 Revenue and EPS Expectations
Vestis is projected to report Q4 revenue of $664.7 million, a 3.0% decline from year-ago figures, improving on last year’s 4.5% drop following a flat $686.2 million in Q3. Adjusted EPS are expected at $0.07 per share, reflecting continued margin pressure.
2. Analyst Estimate Trends
Analysts reconfirmed forecasts over the past month, signaling confidence in the current outlook despite Vestis missing revenue estimates six times in the past two years and underperforming in recent quarters.
3. Peer Performance and Sector Trends
Peer comparisons show Tetra Tech’s Q4 revenues fell 13.4% but beat by 6.4%, while UniFirst’s rose 2.7%, topping estimates by 1%. The business services segment’s average share price is down 2.2% this month, whereas Vestis shares rallied 14.1% heading into earnings.