Lifeway Foods Inc reports results for the quarter ended in December - Earnings Summary

Lifeway Foods

20/03/2024 14:07

* Lifeway Foods Inc  LWAY.OQ  reported quarterly adjusted
earnings
of 26 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 5 cents.  The lone analyst forecast for the
quarter was for earnings of 21 cents per share. 
    * Revenue rose 17.5% to $42.09 million from a year ago;
analysts
expected $40.00 million. 
    * Lifeway Foods Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $3.97
million.
    * Lifeway Foods Inc shares had fallen by 18.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Lifeway Foods Inc
is $14.00 
This summary was machine generated from LSEG data March 20 at
02:06 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
 Dec. 31 2023      0.21           0.26           Beat
 Sep. 30 2023      0.16           0.23           Beat
 Jun. 30 2023      0.06           0.21           Beat
 Mar. 31 2023      0.08           0.06           Missed