Sovos Brands Inc reports results for the quarter ended in December - Earnings Summary

Sovos Brands

15/03/2022 13:32

* Sovos Brands Inc  SOVO.OQ  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in December. The
mean expectation of eleven analysts for the quarter was
for earnings of 11 cents per share.
    * Revenue was $189.24 million​;  analysts expected $183.87
million. 
    * Sovos Brands Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days five analysts negatively revised
earnings
estimates 
    * Sovos Brands Inc shares had fallen by 25.2% this quarter.
    * The company reported a quarterly loss of $3.84 million.
    * Wall Street's median 12-month price target for Sovos
Brands Inc
is $17.00 
    * 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." 

This summary was machine generated March 15 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated