Sovos Brands Inc expected to post earnings of 19 cents a share - Earnings Preview

Sovos Brands

27/02/2024 02:48

* Sovos Brands Inc  SOVO.OQ   SOVO.O  is expected to show a
rise
in quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Louisville Colorado-based  company is expected to
report a
0.2% increase in revenue to $262.693 million from $262.1 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Sovos Brands Inc is for
earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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 $23.00​, above​ its last closing price of $22.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.16        0.15       0.20      Beat    33.3
 Jun. 30 2023  0.14        0.13       0.17      Beat    30.8
 Mar. 31 2023  0.15        0.15       0.18      Beat    23.3​
 Dec. 31 2022  0.16        0.16       0.19      Beat    18
 ​​Sep.        0.14        0.13       0.14      Beat    4.8
 30 2022                                                
 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
 This summary was machine generated February 27 at 02:47 GMT. 
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)