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Here's What Key Metrics Tell Us About Valvoline (VVV) Q2 Earnings
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For the quarter ended March 2024, Valvoline (VVV - Free Report) reported revenue of $388.7 million, up 12.8% over the same period last year. EPS came in at $0.37, compared to $0.23 in the year-ago quarter.
The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $388.52 million. With the consensus EPS estimate being $0.36, the EPS surprise was +2.78%.
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 Valvoline performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
System-wide stores - Company-operated stores: 919 versus the two-analyst average estimate of 918.
System-wide stores - Franchised stores: 1,009 versus the two-analyst average estimate of 1,011.
Total System-wide stores: 1,928 versus the two-analyst average estimate of 1,929.
Stores Opened - Franchised: 15 compared to the 16 average estimate based on two analysts.
Same-store Sales Growth - Company-operated: 7.4% versus 10.4% estimated by two analysts on average.
Same-store Sales Growth - Franchised: 8% versus the two-analyst average estimate of 10%.
Stores Opened - Company-operated: 14 compared to the 17 average estimate based on two analysts.
System-wide SSS (Same-store sales) Growth: 7.7% versus 9.9% estimated by two analysts on average.
Shares of Valvoline have returned +3.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Valvoline (VVV) Q2 Earnings
For the quarter ended March 2024, Valvoline (VVV - Free Report) reported revenue of $388.7 million, up 12.8% over the same period last year. EPS came in at $0.37, compared to $0.23 in the year-ago quarter.
The reported revenue represents a surprise of +0.05% over the Zacks Consensus Estimate of $388.52 million. With the consensus EPS estimate being $0.36, the EPS surprise was +2.78%.
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 Valvoline performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- System-wide stores - Company-operated stores: 919 versus the two-analyst average estimate of 918.
- System-wide stores - Franchised stores: 1,009 versus the two-analyst average estimate of 1,011.
- Total System-wide stores: 1,928 versus the two-analyst average estimate of 1,929.
- Stores Opened - Franchised: 15 compared to the 16 average estimate based on two analysts.
- Same-store Sales Growth - Company-operated: 7.4% versus 10.4% estimated by two analysts on average.
- Same-store Sales Growth - Franchised: 8% versus the two-analyst average estimate of 10%.
- Stores Opened - Company-operated: 14 compared to the 17 average estimate based on two analysts.
- System-wide SSS (Same-store sales) Growth: 7.7% versus 9.9% estimated by two analysts on average.
View all Key Company Metrics for Valvoline here>>>Shares of Valvoline have returned +3.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.