Bellring Brands Inc reports results for the quarter ended in December - Earnings Summary

BellRing Brands

05/02/2024 22:58

* Bellring Brands Inc  BRBR.N  reported quarterly adjusted
earnings of 43 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 33 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 39 cents
per share. Wall Street expected results to range from 31 cents
to 42 cents per share.
    * Revenue rose 18.7% to $430.40 million from a year ago;
analysts
expected $412.46 million. 
    * Bellring Brands Inc's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $43.9
million.
    * Bellring Brands Inc shares had risen by 2.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.7%
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 "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Bellring Brands
Inc is $57.50 
This summary was machine generated from LSEG data February 5 at
10:57 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
 Dec. 31 2023      0.39           0.43           Beat
 Sep. 30 2023      0.39           0.41           Beat
 Jun. 30 2023      0.32           0.34           Beat
 Mar. 31 2023      0.20           0.24           Beat