B&G Foods Inc reports results for the quarter ended in January 1 - Earnings Summary

B&G Foods

06/11/2024 04:43

* B&G Foods Inc  BGS.N  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended January 1, lower than
the same quarter last year, when the company reported EPS of 27
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 20 cents per share. Wall Street expected
results to range from 18 cents to 21 cents per share.
    * Revenue fell 8.3% to $461.07 million from a year ago;
analysts
expected $473.12 million. 
    * B&G Foods Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $7.46
million.
    * B&G Foods Inc shares had fallen by 2.5% this quarter and
lost 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "hold"

Wall Street's median 12-month price target for B&G Foods Inc is
9.00 
This summary was machine generated from LSEG data November 6 at
04:43 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.20           0.13           Missed
 Jun. 30 2024      0.10           0.08           Missed
 Mar. 31 2024      0.21           0.18           Missed
 Dec. 31 2023      0.29           0.30           Beat