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

Sovos Brands

02/11/2022 22:03

* Sovos Brands Inc  SOVO.OQ  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in September. The
mean expectation of twelve analysts for the quarter was
for earnings of 13 cents per share.
    * Revenue rose 16.9% to $208.91 million from a year ago;
analysts
expected $199.64 million. 
    * Sovos Brands Inc's reported EPS for the quarter was 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Sovos Brands Inc shares had fallen by 1.7% this
quarter and
lost 7.0% so far this year.
    * The company reported quarterly net income of $1.46
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 from Refinitiv data November
2 at 10:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.13           0.14           Beat
 Jun. 30 2022      0.08           0.13           Beat
 Mar. 31 2022      0.12           0.14           Beat
 Dec. 31 2021      0.11           0.13           Beat