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

Sovos Brands

07/08/2023 14:31

* Sovos Brands Inc  SOVO.OQ  reported quarterly adjusted
earnings
of 17 cents​​ per share for the quarter ended in June. The mean
expectation of twelve analysts for the quarter was for earnings
of 13 cents per share.
    * Revenue rose 10.2% to $217.64 million from a year ago;
analysts
expected $213.51 million. 
    * Sovos Brands Inc's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sovos Brands Inc shares had fallen by 7.9% this
quarter and
gained 25.4% so far this year.
    * The company reported quarterly net income of $5.39
million.
    * Wall Street's median 12-month price target for Sovos
Brands Inc
is $22.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.13           0.17           Beat
 Mar. 31 2023      0.15           0.18           Beat
 Dec. 31 2022      0.16           0.19           Beat
 Sep. 30 2022      0.13           0.14           Beat