Controlled brands (DRVN) reports tomorrow Q1 results

The Automotive Services Company Driven Brands (Nasdaq: DRVN) will announce the results of the results tomorrow morning. Here is what you are looking for.

Controlled brands missed the sales expectations of the analysts by 1.6% in the past quarter and reported sales of $ 564.1 million compared to the previous year. It was a slower quarter for the company, with the expectations of the analysts missing analysts.

Is driven brands a purchase or sale in the result? Read our full analysis here, it's free.

In this quarter, the analysts expect the sales of powered brands to decrease by 12.2% to $ 502.3 million compared to the previous year, which reduces 1.7% compared to the increase in the same quarter of the previous year. The adapted result is expected to be $ 0.24 per share.

Analysts that cover the company have generally re -confirmed their estimates in the past 30 days, which indicates that the company will take the course on the way to the profit countries.

In view of the driven brands in the Industrial & Environmental Services segment, some have already reported their Q1 results and gave us an indication of what we can expect. Ceco Environmental achieved sales growth of 39.9%compared to the previous year, whereby the expectations of the analysts were exceeded by 17%, and unifly reported the income by 1.9%according to the consensus estimates. According to the results, the CECO environment increased by 23.9%, while uniflyed by 1.7%.

Read our complete analysis of the results of Ceco Environmental and the results of Unifirst here.

There was a positive atmosphere among investors in the Industrial & Environmental Services segment, although the share prices rose by an average of 11.7% last month. Driven brands rose by 8.9% at the same time and are profit with an average analyst course of USD 20.08 (compared to the current share price of $ 16.81).

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