UniFirst Prepares for Third Quarter Earnings Overview

Author: Hannah Lewis Updated: 06-30-2025 05:12 AM

UniFirst Corporation Anticipates Third Quarter Earnings

UniFirst Corporation (NYSE: UNF) is gearing up to release its earnings for the third quarter. This exciting announcement is expected to happen before the market opens on a Wednesday in early July. Investors are keeping a close watch on what the company has to report.

Analysts' Earnings Predictions

Expectations are set for the Wilmington-based company to report earnings of approximately $2.09 per share, which reflects a decrease compared to the earnings of $2.20 per share reported during the same period last year. Despite this anticipated drop in earnings, UniFirst is optimistic about revenue growth. The company projects its quarterly revenue to reach around $614.5 million, surpassing last year’s figure of $603.33 million.

Recent Developments from UniFirst

In a significant strategic move, UniFirst recently announced a new share repurchase program, authorizing $100 million to buy back its shares. This move aims to enhance shareholder value and reflect the company's commitment to returning capital to its investors.

Stock Performance and Market Sentiment

As market conditions fluctuate, UniFirst's shares showed a minor gain of 0.2%, closing at $186.32. This modest uptick indicates a steady confidence in the company's future performance as investors await more news from the upcoming earnings release.

Analyst Ratings and Recommendations

Let’s explore how recent analyst ratings position UniFirst. Notably, Barclays analyst Manav Patnaik made a significant adjustment by downgrading the stock from an Equal-Weight to an Underweight rating. He also revised the price target downward from $180 to $152, showcasing a cautious outlook amidst market changes.

Another significant player, UBS analyst Joshua Chan, maintained a Neutral rating, but raised the price target slightly from $194 to $196, reflecting a careful optimism about UniFirst's prospects.

Baird analyst Andrew Wittmann also revised his ratings, keeping a Neutral stance while reducing the price target from $218 to $197. The analytical community's adjustments suggest a spectrum of perspectives regarding the company’s upcoming performance.

Lastly, JP Morgan's Andrew Steinerman maintained an Underweight rating, adjusting the price target upward from $170 to $175, indicating slight optimism against a backdrop of caution.

Considerations for Investors

For those considering an investment in UniFirst, understanding the thoughts of analysts is crucial. The mixed ratings reflect varied confidence levels among market experts, making it essential to weigh all available information before making investment decisions.

Frequently Asked Questions

What is the expected earnings per share for UniFirst?

The anticipated earnings per share for UniFirst is around $2.09.

When will UniFirst release its earnings report?

UniFirst is expected to announce its earnings report before the market opens on Wednesday in early July.

What is the recent stock price of UniFirst?

UniFirst's stock price recently closed at $186.32.

What significant move did UniFirst announce recently?

UniFirst announced a new share repurchase program with an authorization of $100 million.

What are analysts saying about UniFirst’s stock?

Analysts’ views are mixed, with some downgrading the stock while others maintain neutral or cautious optimism.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.