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

Flowers Foods

18/05/2023 22:01

* Flowers Foods Inc  FLO.N  reported quarterly adjusted
earnings
of 38 cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
38 cents per share.
    * Revenue rose 6.9% to $1.53 billion from a year ago;
analysts
expected $1.55 billion. 
    * Flowers Foods Inc's reported EPS for the quarter was 33
cents​.
    * 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 
    * Flowers Foods Inc shares had risen by 4.4% this
quarter and
lost 0.4% so far this year.
    * The company reported quarterly net income of $70.71
million.
    * Wall Street's median 12-month price target for Flowers
Foods Inc
is $28.00 
    * 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 May
18 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.38           0.38           Met
 Dec. 31 2022      0.23           0.23           Met
 Sep. 30 2022      0.29           0.30           Beat
 Jun. 30 2022      0.27           0.31           Beat