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

Lifeway Foods

14/08/2023 14:32

* Lifeway Foods Inc  LWAY.OQ  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for earnings of 6 cents per
share.
    * Revenue rose 17.1% to $39.23 million from a year ago;
analysts
expected $37.50 million. 
    * Lifeway Foods Inc's reported EPS for the quarter was 21
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Lifeway Foods Inc shares had fallen by 3.8% this
quarter and
gained 13.5% so far this year.
    * The company reported quarterly net income of $3.16
million.
    * Wall Street's median 12-month price target for Lifeway
Foods Inc
is $10.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 14 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.21           Beat
 Mar. 31 2023      0.08           0.06           Missed
 Dec. 31 2022      0.07           0.05           Missed
 Sep. 30 2022      0.01           0.06           Beat