Flowers Foods Inc reports results for the quarter ended September 30 - Earnings Summary

Flowers Foods

08/11/2024 16:23

* Flowers Foods Inc  FLO.N  reported quarterly adjusted
earnings
of 33 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 29 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 28 cents to 31
cents per share.
    * Revenue fell 0.7% to $1.19 billion from a year ago;
analysts
expected $1.20 billion. 
    * Flowers Foods Inc's reported EPS for the quarter was 31
cents​.
    * The company reported quarterly net income of $64.98
million.
    * Flowers Foods Inc shares had fallen by 4.5% this
quarter and
lost 2.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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," 6
"hold" and 1 "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 $23.50 
This summary was machine generated from LSEG data November 8 at
04:23 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
 Sep. 30 2024      0.29           0.33           Beat
 Jun. 30 2024      0.33           0.36           Beat
 Mar. 31 2024      0.41           0.37           Missed
 Dec. 31 2023      0.21           0.20           Missed