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

Hostess Brands

09/05/2023 23:05

* Hostess Brands Inc  TWNK.OQ  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in March.
The mean expectation of eleven analysts for the quarter was
for earnings of 27 cents per share.
    * Revenue rose 4% to $345.40 million from a year ago;
analysts
expected $338.44 million. 
    * Hostess Brands Inc's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Hostess Brands Inc shares had risen by 5.9% this
quarter and
gained 17.4% so far this year.
    * The company reported quarterly net income of $38.29
million.
    * Wall Street's median 12-month price target for Hostess
Brands
Inc is $29.00 
    * 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 May
9 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.27           0.28           Beat
 Dec. 31 2022      0.24           0.25           Beat
 Sep. 30 2022      0.21           0.23           Beat
 Jun. 30 2022      0.22           0.22           Met