Bellring Brands Inc reports results for the quarter ended September 30 - Earnings Summary

BellRing Brands

18/11/2024 23:50

* Bellring Brands Inc  BRBR.N  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 50 cents
per share. Wall Street expected results to range from 43 cents
to 53 cents per share.
    * Revenue fell 76.3% to $112.10 million from a year ago;
analysts
expected $536.13 million. 
    * Bellring Brands Inc's reported EPS for the quarter was 55
cents​.
    * The company reported quarterly net income of $71.7
million.
    * Bellring Brands Inc shares had risen by 18.7% this
quarter and
gained 30.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
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 12 "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 $72.00 
This summary was machine generated from LSEG data November 18 at
11:50 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
 Sep. 30 2024      0.50           0.51           Beat
 Jun. 30 2024      0.44           0.54           Beat
 Mar. 31 2024      0.33           0.45           Beat
 Dec. 31 2023      0.39           0.43           Beat