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

Flowers Foods

10/08/2023 22:49

* Flowers Foods Inc  FLO.N  reported quarterly adjusted
earnings
of 33 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
28 cents per share.
    * Revenue rose 8.8% to $1.23 billion from a year ago;
analysts
expected $1.20 billion. 
    * Flowers Foods Inc's reported EPS for the quarter was 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Flowers Foods Inc shares had fallen by 0.2% this
quarter and
lost 13.6% so far this year.
    * The company reported quarterly net income of $63.76
million.
    * Wall Street's median 12-month price target for Flowers
Foods Inc
is $26.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:49 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.28           0.33           Beat
 Mar. 31 2023      0.38           0.38           Met
 Dec. 31 2022      0.23           0.23           Met
 Sep. 30 2022      0.29           0.30           Beat