Vestis Corporation (VSTS) is gearing up to report its fourth-quarter earnings after the closing bell on Monday, December 1st, and Wall Street's most accurate forecasters have been busy adjusting their expectations downward.
Analysts are projecting the Roswell, Georgia-based company will post quarterly earnings of 6 cents per share on revenue of $678.30 million. That's a fairly modest expectation, which makes sense given the stream of price target cuts that have rolled in over recent months.
Here's how the analysts with the best track records have been positioning themselves on Vestis:
JP Morgan analyst Andrew Steinerman, who maintains an accuracy rate of 71%, kept his Underweight rating but trimmed his price target from $6 to $5.50 on August 7th. That cut came just two days after Vestis posted better-than-expected third-quarter results, suggesting Steinerman wasn't entirely swayed by the beat.
Barclays analyst Manav Patnaik, sporting a 74% accuracy rate, also maintained an Underweight rating while slashing his price target from $10 to $5 back on May 9th. That's a substantial reduction that signals real concern about the company's valuation.
Not all analysts are quite so bearish, though. Baird analyst Andrew Wittmann, who boasts the highest accuracy rate of the group at 77%, maintained a Neutral rating while cutting his price target from $17 to $13 on March 20th. Goldman Sachs analyst George Tong took a similar approach on March 17th, maintaining a Neutral rating and reducing his target from $15 to $13. Tong's accuracy rate sits at 53%.
The pattern is clear: even analysts who aren't outright negative on the stock have been steadily walking back their price expectations throughout 2025. The progression from double-digit targets in March to single-digit targets by August tells you something about how sentiment has evolved.
Interestingly, Vestis shares actually gained 1.6% on Wednesday to close at $6.44, which sits just above JP Morgan's most recent price target. That August third-quarter beat might have given investors some reason for optimism heading into the year-end report.
Whether that optimism proves justified will depend on what the company delivers come Monday evening.
