Vestis Analysts Boost Their Forecasts After Upbeat Q2 Earnings

Benzinga05-14

Vestis Corp (NYSE:VSTS) on Tuesday reported better-than-expected second-quarter financial results.

Vestis reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $659.400 million which beat the analyst consensus estimate of $655.311 million.

“During the second quarter, Vestis continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage* and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA* increasing year-over-year, supported by the first quarter of improved operating leverage* since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. Given this momentum, we are raising our full‑year fiscal 2026 Adjusted EBITDA* and Free Cash Flow* guidance, and reaffirming our expectations for sequential improvements in Adjusted EBITDA* as we move through the year.”

Vestis shares dipped 9.1% to trade at $10.88 on Wednesday.

These analysts made changes to their price targets on Vestis following earnings announcement.

Baird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $10 to $14.
Stifel analyst Shlomo Rosenbaum maintained Vestis with a Hold and raised the price target from $8.5 to $11.

Considering buying VSTS stock? Here’s what analysts think:

Photo via Shutterstock

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The company reported quarterly sales of $659.400 million which beat the analyst consensus estimate of $655.311 million.</p>\n<p>“During the second quarter, Vestis continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage* and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA* increasing year-over-year, supported by the first quarter of improved operating leverage* since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. 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The company reported quarterly sales of $659.400 million which beat the analyst consensus estimate of $655.311 million.</p>\n<p>“During the second quarter, Vestis continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage* and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA* increasing year-over-year, supported by the first quarter of improved operating leverage* since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. 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Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"465\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13134750/image-339-1024x465.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13134750/image-339-1024x465.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13134750/image-339-300x136.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13134750/image-339-768x349.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13134750/image-339.png 1273w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4137","symbol_name":"综合支持服务","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/05/52537393/vestis-analysts-boost-their-forecasts-after-upbeat-q2-earnings","article_id":"2635734059","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635734059","pubTimestamp":1778694551,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Vestis Corp (NYSE: VSTS) reported strong Q2 results, beating earnings and sales estimates. 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The company reported quarterly sales of $659.400 million which beat the analyst consensus estimate of $655.311 million.\n“During the second quarter, Vestis continued to advance its strategic transformation through targeted initiatives aimed at enhancing operating leverage* and profitability,” said Jim Barber, President and CEO. “We realized the early benefits of these actions, with Adjusted EBITDA* increasing year-over-year, supported by the first quarter of improved operating leverage* since becoming a standalone public company. Our focus on service, operating performance, and cost discipline is delivering results, culminating in a return to profitable growth. 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