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

Mama's Creations

12/12/2023 22:01

* Mama's Creations Inc  MAMA.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in
October, higher than the same quarter last year, when the
company reported EPS of 3 cents.  The mean expectation of
three analysts for the quarter was for earnings of 4 cents per
share. 
    * Revenue rose 11.5% to $28.65 million from a year ago;
analysts
expected $26.91 million. 
    * Mama's Creations Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $2.01
million.
    * Mama's Creations Inc shares had fallen by 16.5% this
quarter and
gained 103.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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 3 "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 $8.00 
This summary was machine generated from LSEG data December 12 at
10:01 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
 Oct. 31 2023      0.04           0.05           Beat
 Jul. 31 2023      0.03           0.05           Beat
 Apr. 30 2023      0.02           0.04           Beat
 Jan. 31 2023      0.02           0.04           Beat