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

BellRing Brands

05/08/2024 23:48

* Bellring Brands Inc  BRBR.N  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 44 cents
per share. Wall Street expected results to range from 41 cents
to 50 cents per share.
    * Revenue rose 15.6% to $515.40 million from a year ago;
analysts
expected $506.79 million. 
    * Bellring Brands Inc's reported EPS for the quarter was 56
cents​.
    * The company reported quarterly net income of $73.7
million.
    * Bellring Brands Inc shares had fallen by 13.1% this
quarter and
lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "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 $65.50 
This summary was machine generated from LSEG data August 5 at
10:47 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
 Jun. 30 2024      0.44           0.54           Beat
 Mar. 31 2024      0.33           0.45           Beat
 Dec. 31 2023      0.39           0.43           Beat
 Sep. 30 2023      0.39           0.41           Beat