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

B&G Foods

09/11/2022 22:50

* B&G Foods Inc  BGS.N  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended in September. The mean
expectation of nine analysts for the quarter was for earnings of
31 cents per share.
    * Revenue rose 2.6% to $528.40 million from a year ago;
analysts
expected $533.20 million. 
    * B&G Foods Inc's reported EPS for the quarter was a loss
of 83
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.9%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * B&G Foods Inc shares had fallen by 8.0% this quarter and
lost 50.6% so far this year.
    * The company reported a quarterly loss of $59.6 million.
    * Wall Street's median 12-month price target for B&G Foods
Inc is
$16.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
9 at 10:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.31           0.31           Met
 Jun. 30 2022      0.27           0.07           Missed
 Mar. 31 2022      0.39           0.34           Missed
 Dec. 31 2021      0.42           0.39           Missed