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

Flowers Foods

16/05/2024 22:21

* Flowers Foods Inc  FLO.N  reported quarterly adjusted
earnings
of 37 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 38 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 41 cents per share. Wall Street
expected results to range from 38 cents to 43 cents per share.
    * Revenue rose 2.8% to $1.58 billion from a year ago;
analysts
expected $1.58 billion. 
    * Flowers Foods Inc's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $73.04
million.
    * Flowers Foods Inc shares had risen by 7.4% this
quarter and
gained 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"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 May 16 at
09:21 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
 Mar. 31 2024      0.41           0.37           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