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

BellRing Brands

07/05/2024 07:19

* Bellring Brands Inc  BRBR.N  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 24 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 33 cents
per share. Wall Street expected results to range from 31 cents
to 36 cents per share.
    * Revenue rose 28.3% to $494.60 million from a year ago;
analysts
expected $467.22 million. 
    * Bellring Brands Inc's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $57.2
million.
    * Bellring Brands Inc shares had fallen by 3.1% this
quarter and
gained 3.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $62.50 
This summary was machine generated from LSEG data May 7 at 06:19
a.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      0.33           0.45           Beat
 Dec. 31 2023      0.39           0.43           Beat
 Sep. 30 2023      0.39           0.41           Beat
 Jun. 30 2023      0.32           0.34           Beat