B&G Foods Inc expected to post earnings of 29 cents a share - Earnings Preview

B&G Foods

23/02/2024 22:21

* B&G Foods Inc  BGS.N   BGS  is expected to show a fall in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Parsippany New Jersey-based  company is expected to
report a
8.3% decrease in revenue to $571.438 million from $623.23
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on November
8 2023, for the period ended December 31, was for revenue
between $598.30 million and $623.23 million.
    * ​LSEG's mean analyst estimate for B&G Foods Inc is for
earnings
of 29 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for B&G Foods
Inc is
$10.00​, above​ its last closing price of $9.43. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.23        0.23       0.27      Beat    15.1
 Jun. 30 2023  0.09        0.09       0.15      Beat    61.3
 Mar. 31 2023  0.26        0.26       0.27      Beat    5.2​
 Dec. 31 2022  0.22        0.22       0.40      Beat    84.1
 ​​Sep.        0.31        0.31       0.31      Met     -0.5
 30 2022                                                
 Jun. 30 2022  0.24        0.27       0.07      Missed  -74.1​
 Mar. 31 2022  0.39        0.39       0.34      Missed  -11.8
 Dec. 31 2021  0.42        0.42       0.39      Missed  -8.1
 This summary was machine generated February 23 at 22:21 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)