Sovos Brands Inc expected to post earnings of 13cents a share - Earnings Preview

Sovos Brands

01/11/2022 02:08

* Sovos Brands Inc  SOVO.OQ   SOVO.O  is expected to show a
rise
in quarterly revenue when it reports  results on November 2. 
    * The Louisville Colorado-based  company is expected to
report  a
11.7% increase in revenue to $199.643 million from $178.73
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sovos Brands Inc is
for
earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sovos
Brands Inc
is $17​, above​ its last closing price of $13.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.09        0.08       0.13      Beat    56.9
 Mar. 31 2022  0.12        0.12       0.14      Beat    13.5
 Dec. 31 2021  0.09        0.11       0.13      Beat    22.6​
 Sep. 30 2021  0.07        0.07       0.10      Beat    35.5
 ​​                                                     
                                                        ​
 This summary was machine generated November 1 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated