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

Lifeway Foods

13/08/2024 14:31

* Lifeway Foods Inc  LWAY.OQ  reported quarterly adjusted
earnings
of 25 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 21 cents.  The mean expectation of two analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 17 cents to 23 cents per share.
    * Revenue rose 25.3% to $49.16 million from a year ago;
analysts
expected $45.50 million. 
    * Lifeway Foods Inc's reported EPS for the quarter was 25
cents​.
    * The company reported quarterly net income of $3.78
million.
    * Lifeway Foods Inc shares had fallen by 12.2% this
quarter and
lost 16.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.6%
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 2 "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 $24.00 
This summary was machine generated from LSEG data August 13 at
01:31 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
 Jun. 30 2024      0.20           0.25           Beat
 Mar. 31 2024      0.24           0.16           Missed
 Dec. 31 2023      0.21           0.26           Beat
 Sep. 30 2023      0.16           0.23           Beat