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BGS — B&G Foods News Story

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B&G Foods Inc reports results for the quarter ended March 31 - Earnings Summary

B&G Foods Inc BGS.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 18 cents.  The mean expectation of seven analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 11 cents to 17 cents per share.

Revenue fell 10.5% to $425.40 million from a year ago; analysts expected $459.53 million.

B&G Foods Inc's reported EPS for the quarter was 1 cent​.

The company reported quarterly net income of $835 thousand.

B&G Foods Inc shares had fallen by 8.2% this quarter and lost 8.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 8.6% 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," 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 $7.00

This summary was machine generated from LSEG data May 7 at 09:06 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20250.150.04Missed
Dec. 31 20240.300.31Beat
Sep. 30 20240.200.13Missed
Jun. 30 20240.100.08Missed

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