Vestis Analysts Boost Their Forecasts After Upbeat Q2 Earnings

Benzinga

05/14

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. 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.”</p>\n<p>Vestis shares dipped 9.1% to trade at $10.88 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Vestis following earnings announcement.</p>\n<ul>\n<li>Baird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $10 to $14.</li>\n<li><a href=\"https://laohu8.com/S/SFB\">Stifel</a> analyst Shlomo Rosenbaum maintained Vestis with a Hold and raised the price target from $8.5 to $11.</li>\n</ul>\n<p><strong>Considering buying VSTS stock? 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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vestis Analysts Boost Their Forecasts After Upbeat Q2 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVestis Analysts Boost Their Forecasts After Upbeat Q2 Earnings\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2026-05-14 01:49</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong>Vestis Corp</strong> (NYSE:VSTS) on Tuesday reported better-than-expected second-quarter financial results.</p>\n<p>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.</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. 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.”</p>\n<p>Vestis shares dipped 9.1% to trade at $10.88 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Vestis following earnings announcement.</p>\n<ul>\n<li>Baird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $10 to $14.</li>\n<li><a href=\"https://laohu8.com/S/SFB\">Stifel</a> analyst Shlomo Rosenbaum maintained Vestis with a Hold and raised the price target from $8.5 to $11.</li>\n</ul>\n<p><strong>Considering buying VSTS stock? 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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VSTS","symbol_name":"Vestis Corporation","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. 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.」\nVestis shares dipped 9.1% to trade at $10.88 on Wednesday.\nThese analysts made changes to their price targets on Vestis following earnings announcement.\n\nBaird analyst Andrew Wittmann maintained the stock with a Neutral and raised the price target from $10 to $14.\nStifel analyst Shlomo Rosenbaum maintained Vestis with a Hold and raised the price target from $8.5 to $11.\n\nConsidering buying VSTS stock? Here’s what analysts think: \n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}