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) 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.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Driven Brands Holdings Inc. (DRVN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks