Lifeway Foods Inc reports results for the quarter ended September 30 - Earnings Summary

Lifeway Foods

14/11/2024 20:55

* Lifeway Foods Inc  LWAY.OQ  reported quarterly adjusted
earnings
of 19 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 23 cents.  The mean expectation of two analysts for the
quarter was for earnings of 27 cents per share. 
    * Revenue rose 12.7% to $46.10 million from a year ago;
analysts
expected $49.75 million. 
    * Lifeway Foods Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $2.98
million.
    * Lifeway Foods Inc shares had fallen by 9.8% this
quarter and
gained 74.4% so far this year.

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," 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 $26.50 
This summary was machine generated from LSEG data November 14 at
08:55 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
 Sep. 30 2024      0.27           0.19           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