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

Sovos Brands

05/05/2022 20:06

* Sovos Brands Inc  SOVO.OQ  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of 12 cents per share.
    * Revenue was $209.93 million​;  analysts expected $205.57
million. 
    * Sovos Brands Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 22.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Sovos Brands Inc shares had risen by 6.8% this quarter and
gained 0.7% so far this year.
    * The company reported quarterly net income of $4.06
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 May 5 at 07:06 p.m.  ​All
figures in US dollars unless otherwise stated