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

B&G Foods

04/05/2023 22:49

* B&G Foods Inc  BGS.N  reported quarterly adjusted earnings
of 27
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for earnings
of 26 cents per share.
    * Revenue fell 3.9% to $511.81 million from a year ago;
analysts
expected $527.48 million. 
    * B&G Foods Inc's reported EPS for the quarter was 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * B&G Foods Inc shares had risen by 3.5% this quarter and
gained 44.2% so far this year.
    * The company reported quarterly net income of $3.42
million.
    * Wall Street's median 12-month price target for B&G Foods
Inc is
$15.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.26           0.27           Beat
 Dec. 31 2022      0.22           0.40           Beat
 Sep. 30 2022      0.31           0.31           Met
 Jun. 30 2022      0.27           0.07           Missed