Home Earnings What Will UniFirst Corporation ’s earnings be like

What Will UniFirst Corporation [UNF]’s earnings be like

UniFirst Corporation [NYSE:UNF] will report earnings after markets close on Wednesday, January ‎‎6th.

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UNF Earnings Forecast For The Current Quarter

UniFirst Corporation [UNF] is expected ‎to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the ‎company expected revenues of $438.46M and an earnings per share of $1.69 for Nov 2020. Looking ‎further ahead, the company is expected to report revenue of $450.03M at an EPS of $1.71 for Feb ‎‎2021. The estimates represent 2.30% and 3.91% in the company’s revenue and earnings per share, ‎respectively, on a year-on-year basis.


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UNF Earnings Estimates For The Current Year

For the ‎financial year, UniFirst Corporation [NYSE:UNF] is expected to bring in revenue of $1.79B. The returns ‎are nearly $-10.0 million lower than the company’s actual revenue recorded in the fiscal year 2020. In ‎terms of EPS for the 2021, estimate put it at 7.03, lower than that of FY20 by -$0.1. Estimates put this ‎year’s earnings growth at -1.40%, 4.00% for the next, and at an annual 10.00% over the next 5-year ‎period. As for sales, forecasts are for a decrease of -0.70% in the current fiscal year and a further 2.30% ‎over the following year.

UNF Price Performance

On Wall Street, UniFirst Corporation ‎‎[NYSE:UNF] finished Monday’s session down -0.80% at $210.00. The stock went up to $213.43 at the ‎same session while its lowest single day price was $207.165. In the last five days, it saw a rise of about ‎‎0.97%, UniFirst Corporation shares dropped by almost -0.80% since the beginning of the year. ‎However, the share price has dropped to as low as -3.63% below its one year high. On 01/04/21, the ‎company shares recorded $213.43, the highest single-day price it has got to in the last 52-weeks and a ‎‎52-week low was seen on 01/04/21, the same year at $207.16. The company’s shares have inclined by ‎‎3.24% in the past year. The 50-day SMA achieved is $190.25 while the 200-day SMA is $180.28. Volume ‎dropped to 79861.0 from 86400.0 in the previous session.

UniFirst Corporation [UNF] Valuation ‎Measures

Notably, UniFirst Corporation [UNF] stock cannot be classified as a good candidate in ‎the listing of underestimated low-priced Specialty Business Services companies to purchase soonest ‎possible with the prevailing 12-month PE ratio of 29.48. The measure means the stock is exchanging at ‎a premium as compared to the 20.45x trailing earnings of the industry. It can be helpful for investors to ‎consider historical price-sales ratio, more specifically, a 2.18 PS value ratio is reported for the last one ‎year of reported earnings. That is higher than the industry average of 1.03 which means UNF serve an ‎unattractive investment opportunity compared to its competitors.

UNF Stock Support And ‎Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 206.97 level, ‎and in case of violation of this particular level, it will cause more drop to 203.93 level. On the upper ‎level, 216.46 is still the key resistance. The stock may increase to the subsequent resistance at 213.23. ‎The Relative Strength Index (RSI) pinned on the 14-day chart is 63.74, implying a neutral technical ‎stance while the MACD stands at 2.23, meaning price will increase in the next trading period. Percent R ‎indicator moved to 23.75%, implying bullish price movement. Stochastic %K at 87.83% suggest selling ‎the stock.

Is UniFirst Corporation [NYSE:UNF] a Good Buy Right Now?

It should be noted ‎that UNF technical indicators for short, intermediate as well as long term progress have placed an ‎overall average of 88% as Buy. The average signal changed from 88% Buy in the last week and ‎compares with 40% Buy in the past month. Data from UniFirst Corporation’s Trend Spotter indicated ‎that the signals were Weakening. The stock current average is 99195.0 shares in the past 20 days and ‎the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was ‎‎96898.0 shares while the medium term average advocated for 50% Buy. The average long-term signal ‎stands at 100% Buy and the 100-day average volume stands at 79938.0 shares.

What is the short ‎interest in UniFirst Corporation?

Short interest in the UniFirst Corporation stock has surged, ‎increasing by 0.12 million shares to total 0.12 million shares on Dec 14, 2020. The interest had seen ‎shares on Nov 12, 2020 stand at 0.24 million, data from Yahoo Finance shows. The decrease of -97.42% ‎suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ‎ratio while the shorted shares account for just 0.94% of the overall float for the stock.

UniFirst ‎Corporation’s Biggest Shareholders: Who Owns UniFirst Corporation [UNF]?

Filings by BlackRock ‎Fund Advisors showed that the firm now holds a total of 2,039,063 shares or roughly 13.37% of the ‎outstanding UNF shares. This means their shares have reduced by -46,291 from the 2,039,063 the ‎investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, ‎Inc. updated stake is worth $270,758,424. Details in the latest 13F filings reveal that River Road Asset ‎Management LLC disposed off their -4.55% stake valued at $153,321,908 while Dimensional Fund ‎Advisors LP cut theirs at $107,977,500. During the last quarter, River Road Asset Management LLC ‎liquidated -39,576 of its shares in UniFirst Corporation while Dimensional Fund Advisors LP sold -21,931 ‎shares. The Henderson Global Investors Ltd.’s holdings currently number 528,228 shares at ‎‎$110927880.0. According to the firm’s last 13F report, T. Rowe Price Associates, Inc. shares in the ‎company at filing stood at 461,959 shares, roughly $85,406,980.

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What are analyst thoughts on ‎UniFirst Corporation?

Looking forward to the UniFirst Corporation share price prediction, we can ‎see that analysts, surveyed by FactSet, offer the mean price target for UniFirst Corporation stock at ‎‎$197.00 within the next 12 months, which represents almost -6.6 per cent growth from its previous ‎closing price of $210.00. The highest analysts’ target for UniFirst Corporation stock projections is ‎‎$209.00 and the lowest one is $185.00. Still, 4 analysts sharing their consensus rating for UNF stock in ‎‎2021 agree that it is a Hold.‎

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