Flowers Foods Inc reports results for the quarter ended in December - Earnings Summary

Flowers Foods

08/02/2024 23:27

* Flowers Foods Inc  FLO.N  reported quarterly adjusted
earnings
of 20 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of six analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 20 cents to 24 cents per share.
    * Revenue rose 4.3% to $1.13 billion from a year ago;
analysts
expected $1.13 billion. 
    * Flowers Foods Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $35.68
million.
    * Flowers Foods Inc shares had risen by 2.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "hold"

Wall Street's median 12-month price target for Flowers Foods Inc
is $23.00 
This summary was machine generated from LSEG data February 8 at
11:27 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
 Dec. 31 2023      0.21           0.20           Missed
 Sep. 30 2023      0.28           0.29           Beat
 Jun. 30 2023      0.28           0.33           Beat
 Mar. 31 2023      0.38           0.38           Met