BRC Inc reports results for the quarter ended in January - Earnings Summary

BRC

07/08/2024 23:31

* BRC Inc  BRCC.N  reported a quarterly adjusted loss of 1
cent​​
per share for the quarter ended in January, higher than the same
quarter last year, when the company reported EPS of -7 cents. 
The mean expectation of eight analysts for the quarter was for a
loss of 2 cents per share. Wall Street expected results to range
from -5 cents to 2 cents per share.
    * Revenue fell 3.2% to $89.02 million from a year ago;
analysts
expected $100.91 million. 
    * BRC Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $482 thousand.
    * BRC Inc shares had fallen by 13.1% this quarter and
gained 46.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
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 5 "strong buy" or "buy," 4
"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 BRC Inc is $7.00 
This summary was machine generated from LSEG data August 7 at
10:31 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
 Jan. 1 0001       -0.02          -0.01          Beat
 Mar. 31 2024      -0.04          0.01           Beat
 Dec. 31 2023      -0.01          -0.07          Missed
 Sep. 30 2023      -0.02          -0.05          Missed