Bellring Brands Inc BRBR.N reported quarterly adjusted earnings of 55 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 46 cents to 52 cents per share.
Revenue rose 6.2% to $547.50 million from a year ago; analysts expected $531.28 million.
Bellring Brands Inc's reported EPS for the quarter was 16 cents.
The company reported quarterly net income of $21 million.
Bellring Brands Inc shares had fallen by 6.6% this quarter and lost 28.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 13.2% 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 "hold."
Wall Street's median 12-month price target for Bellring Brands Inc is $78.00, about 31.2% above its last closing price of $53.64
This summary was machine generated from LSEG data August 4 at 09:44 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)