Sovos Brands Inc expected to post earnings of 15  cents a share - Earnings Preview

Sovos Brands

09/05/2023 01:16

* Sovos Brands Inc  SOVO.OQ   SOVO.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 10. 
    * The Louisville Colorado-based  company is expected to
report  a
11.3% increase in revenue to $233.595 million from $209.93
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sovos Brands Inc is
for
earnings of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Sovos
Brands Inc
is $19​, above​ its last closing price of $18.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.16        0.16       0.19      Beat    18
 Sep. 30 2022  0.14        0.13       0.14      Beat    4.8
 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.        0.09        0.11       0.13      Beat    22.6
 31 2021                                                
 Sep. 30 2021  0.07        0.07       0.10      Beat    35.5​
 This summary was machine generated May 9 at 00:16 GMT.  All
figures in US dollars  unless otherwise stated