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

Sovos Brands

04/08/2022 01:40

* Sovos Brands Inc  SOVO.OQ  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for earnings
of 8 cents per share.
    * Revenue was $197.40 million​; analysts expected $180.96
million. 
    * Sovos Brands Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.6%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Sovos Brands Inc shares had fallen by 9.3% this
quarter and
lost 4.3% so far this year.
    * The company reported a quarterly loss of $30.29 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 12 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 4
at 12:40 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.08           0.13           Beat
 Mar. 31 2022      0.12           0.14           Beat
 Dec. 31 2021      0.11           0.13           Beat
 Sep. 30 2021      0.07           0.10           Beat