BRC Inc reports results for the quarter ended in September 30 - Earnings Summary

BRC

05/11/2024 07:56

* BRC Inc  BRCC.N  reported a quarterly adjusted loss of 1
cent​​
per share for the quarter ended September 30, higher than the
same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of six analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -6 cents tozero cents per share.
    * Revenue fell 2.3% to $98.20 million from a year ago;
analysts
expected $95.29 million. 
    * BRC Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $535 thousand.
    * BRC Inc shares had fallen by 7.6% this quarter and
lost 12.9% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 253.4% 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 4 "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 BRC Inc is 5.25 
This summary was machine generated from LSEG data November 5 at
07:56 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
 Sep. 30 2024      -0.02          -0.01          Beat
 Jun. 30 2024      -0.02          -0.01          Beat
 Mar. 31 2024      -0.04          0.01           Beat
 Dec. 31 2023      -0.01          -0.07          Missed