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

B&G Foods

09/05/2024 19:56

* B&G Foods Inc  BGS.N  reported quarterly adjusted earnings
of 18
cents​​ per share for the quarter ended in March, 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 21 cents per share. Wall Street expected
results to range from 17 cents to 24 cents per share.
    * Revenue fell 7.1% to $475.22 million from a year ago;
analysts
expected $480.93 million. 
    * B&G Foods Inc's reported EPS for the quarter was a loss
of 51
cents​.
    * The company reported a quarterly loss of $40.24 million.
    * B&G Foods Inc shares had risen by 1.0% this quarter and
gained 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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
$10.00 
This summary was machine generated from LSEG data May 9 at 06:56
p.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
 Mar. 31 2024      0.21           0.18           Missed
 Dec. 31 2023      0.29           0.30           Beat
 Sep. 30 2023      0.23           0.27           Beat
 Jun. 30 2023      0.09           0.15           Beat