Monro Muffler Brake (MNRO) Misses Q4 Earnings and Revenue Estimates

Company Performance - Monro Muffler Brake reported quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.34 per share, and showing an increase from $0.08 per share a year ago, resulting in an earnings surprise of -38.24% [1] - The company posted revenues of $310.08 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 4.99%, and a slight decrease from $310.84 million year-over-year [2] - Over the last four quarters, Monro has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - Monro shares have declined approximately 11.5% since the beginning of the year, contrasting with the S&P 500's gain of 11.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $333 million, and for the current fiscal year, it is $1.68 on revenues of $1.34 billion [7] Industry Outlook - The Consumer Services - Miscellaneous industry, to which Monro belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Monro's stock performance [5][6]