Hostess Brands Inc reports results for the quarter ended in June - Earnings Summary

Hostess Brands

09/08/2023 06:00

* Hostess Brands Inc  TWNK.OQ  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in June.
The mean expectation of eleven analysts for the quarter was
for earnings of 26 cents per share.
    * Revenue rose 3.5% to $352.36 million from a year ago;
analysts
expected $358.35 million. 
    * Hostess Brands Inc's reported EPS for the quarter was 24
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 
    * Hostess Brands Inc shares had fallen by 6.2% this
quarter and
gained 5.8% so far this year.
    * The company reported quarterly net income of $32.49
million.
    * Wall Street's median 12-month price target for Hostess
Brands
Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 05:00 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.26           0.28           Beat
 Mar. 31 2023      0.27           0.28           Beat
 Dec. 31 2022      0.24           0.25           Beat
 Sep. 30 2022      0.21           0.23           Beat