Driven Brands Holdings Inc. (NASDAQ:DRVN) will release earnings for its fourth quarter before the opening bell on Tuesday, May 19.
Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings of 24 cents per share, down from 30 cents per share in the year-ago period. The consensus estimate for Driven Brands’ quarterly revenue is $455.47 million (it reported $564.12 million last year), according to Benzinga Pro.
On April 30, ADW Capital Management proposed to acquire Driven Brands for $18.00 per share in cash.
Driven Brands shares rose 3.7% to close at $13.00 on Friday.
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