Savers Value Village, Inc. (SVV) saw its stock price soar 5.37% during intraday trading on Friday, following the release of its quarterly earnings report that met expectations and showed robust revenue growth.
The company reported adjusted earnings of 15 cents per share for the quarter ended December 31, matching analyst estimates. Revenue surged 15.6% year-over-year to $464.67 million, nearly in line with the expected $464.68 million. This performance demonstrates the company's continued growth trajectory in the consumer cyclical sector.
Analyst sentiment remains positive, with the current average rating on the shares at "buy" and a breakdown of 8 "strong buy" or "buy" recommendations versus 3 "hold" ratings. The median 12-month price target of $14.50 represents approximately 29.4% upside from the previous closing price, indicating strong confidence in the company's future performance.