Stryve Foods Inc reports results for the quarter ended in June - Earnings Summary

Stryve Foods

15/08/2024 07:11

* Stryve Foods Inc  SNAX.OQ  reported a quarterly adjusted
loss
of 83 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-1.87.  The lone analyst forecast for the quarter was for a
loss of $1.39 per share. 
    * Revenue rose 3% to $6.18 million from a year ago; analysts
expected $5.01 million. 
    * Stryve Foods Inc's reported EPS for the quarter was a loss
of 91
cents​.
    * The company reported a quarterly loss of $2.96 million.
    * Stryve Foods Inc shares had fallen by 1.7% this
quarter and
lost 33.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Stryve Foods Inc
is $4.00 
This summary was machine generated from LSEG data August 15 at
06:11 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -1.39          -0.83          Beat
 Mar. 31 2024      -1.76          -1.20          Beat
 Dec. 31 2023      -1.96          -1.90          Beat
 Sep. 30 2023      -1.65          -1.81          Missed