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

Sovos Brands

10/05/2023 22:57

* Sovos Brands Inc  SOVO.OQ  reported quarterly adjusted
earnings
of 18 cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of 15 cents per share.
    * Revenue rose 20.4% to $252.79 million from a year ago;
analysts
expected $233.59 million. 
    * Sovos Brands Inc's reported EPS for the quarter was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Sovos Brands Inc shares had risen by 8.6% this quarter and
gained 26.1% so far this year.
    * The company reported quarterly net income of $7.85
million.
    * Wall Street's median 12-month price target for Sovos
Brands Inc
is $19.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 09:57 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.15           0.18           Beat
 Dec. 31 2022      0.16           0.19           Beat
 Sep. 30 2022      0.13           0.14           Beat
 Jun. 30 2022      0.08           0.13           Beat