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

BellRing Brands

20/11/2023 22:51

* Bellring Brands Inc  BRBR.N  reported quarterly adjusted
earnings of 41 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 31 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 30 cents
to 41 cents per share.
    * Revenue rose 24.6% to $472.60 million from a year ago;
analysts
expected $452.32 million. 
    * Bellring Brands Inc's reported EPS for the quarter was 35
cents​.
    * The company reported quarterly net income of $46.1
million.
    * Bellring Brands Inc shares had risen by 10.0% this
quarter and
gained 76.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 1
"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 $46.50 
This summary was machine generated from LSEG data November 20 at
10:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.39           0.41           Beat
 Jun. 30 2023      0.32           0.34           Beat
 Mar. 31 2023      0.20           0.24           Beat
 Dec. 31 2022      0.27           0.33           Beat