Earnings To Watch: UniFirst (UNF) Reports Q4 Results Tomorrow

Workplace uniform provider UniFirst (NYSE: UNF) will be reporting results this Wednesday before market hours. Here’s what you need to know.

UniFirst beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $614.4 million, down 4% year on year. It was a slower quarter for the company, with a significant miss of analysts’ full-year EPS guidance estimates and full-year revenue guidance slightly missing analysts’ expectations.

Is UniFirst a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting UniFirst’s revenue to grow 1.7% year on year to $615.3 million, in line with the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.06 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UniFirst has missed Wall Street’s revenue estimates three times over the last two years.

Looking at UniFirst’s peers in the business services & supplies segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Cintas delivered year-on-year revenue growth of 9.3%, beating analysts’ expectations by 1.4%, and MillerKnoll reported a revenue decline of 1.6%, topping estimates by 1.3%. Cintas’s stock price was unchanged after the resultswhile MillerKnoll was up 7.9%.

Read our full analysis of Cintas’s results here and MillerKnoll’s results here.

Investors in the business services & supplies segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. UniFirst is up 12.5% during the same time and is heading into earnings with an average analyst price target of $167.33 (compared to the current share price of $206.39).

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