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MZTI Marzetti Co News Story

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Marzetti Co reports results for the quarter ended June 30 - Earnings Summary

Marzetti Co MZTI.OQ reported quarterly adjusted earnings of $1.18​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.26.  The mean expectation of seven analysts for the quarter was for earnings of $1.34 per share. Wall Street expected results to range from $1.29  to $1.47 per share.

Revenue rose 5% to $475.43 million from a year ago; analysts expected $457.05 million.

Marzetti Co's reported EPS for the quarter was $1.18​.

The company reported quarterly net income of $32.53 million.

Marzetti Co shares had risen by 3.2% this quarter and gained 3.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is  "buy."

Wall Street's median 12-month price target for Marzetti Co is $190.00, about 6.1% above its last closing price of $178.32

This summary was machine generated from LSEG data August 21 at 01:31 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.341.18Missed
Mar. 31 20251.591.49Missed
Dec. 31 20241.931.78Missed
Sep. 30 20241.661.62Missed

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