Mama's Creations Inc reports results for the quarter ended in January - Earnings Summary

Mama's Creations

11/06/2024 23:16

* Mama's Creations Inc  MAMA.OQ  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in January,
lower than the same quarter last year, when the company reported
EPS of 4 cents.  The mean expectation of four analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from 2 cents to 3 cents per share.
    * Revenue rose 29.1% to $29.84 million from a year ago;
analysts
expected $26.13 million. 
    * Mama's Creations Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $553
thousand.
    * Mama's Creations Inc shares had risen by 40.2% this
quarter and
gained 42.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40%
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 4 "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 Mama's Creations
Inc is $7.50 
This summary was machine generated from LSEG data June 11 at
10:16 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
 Apr. 30 2024      0.02           0.01           Missed
 Jan. 31 2024      0.03           0.04           Beat
 Oct. 31 2023      0.04           0.05           Beat
 Jul. 31 2023      0.03           0.05           Beat