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

Lifeway Foods

14/05/2024 16:09

* Lifeway Foods Inc  LWAY.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of two analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 23 cents to 25 cents per share.
    * Revenue rose 17.8% to $44.63 million from a year ago;
analysts
expected $42.25 million. 
    * Lifeway Foods Inc's reported EPS for the quarter was 16
cents​.
    * The company reported quarterly net income of $2.43
million.
    * Lifeway Foods Inc shares had risen by 55.5% this
quarter and
gained 99.6% so far this year.

FORECAST CHANGES
    * 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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is  "hold."

Wall Street's median 12-month price target for Lifeway Foods Inc
is $20.50 
This summary was machine generated from LSEG data May 14 at
03:08 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
 Mar. 31 2024      0.24           0.16           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