Simply Good Foods Co expected to post earnings of 41  cents a share - Earnings Preview

The Simply Good Foods

27/06/2023 13:32

* Simply Good Foods Co  SMPL.OQ   SMPL.O  is expected
to show a
rise in quarterly revenue when it reports  results on June 29. 
    * The Denver Colorado-based  company is expected to report 
a
1.5% increase in revenue to $321.384 million from $316.53
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. The company's guidance on
April 5 2023, for the period ended May 31, was for revenue
between $316.53 million and $322.86 million.
    * ​Refinitiv's mean analyst estimate for Simply Good Foods
Co is
for earnings of 41 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Simply Good
Foods
Co is $43​, above​ its last closing price of $35.10. ​​​

The company's guidance on April 5 2023 for the period ended May
31 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD63.291 million.The company's guidance on
April 5 2023 for the period ended May 31 was for gross profit
margin of USD36.48%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Feb. 28 2023  0.31        0.29       0.32      Beat    8.6
 Nov. 30 2023  0.41        0.40       0.42      Beat    5.1
 Aug. 31 2022  0.29        0.28       0.36      Beat    27.5​
 May. 31 2022  0.36        0.35       0.44      Beat    26.7
 ​​Feb.        0.27        0.27       0.36      Beat    31.4
 28 2022                                                
 Nov. 30 2021  0.34        0.34       0.43      Beat    25​
 Aug. 31 2021  0.26        0.25       0.29      Beat    14.2
 May. 31 2021  0.29        0.29       0.43      Beat    50.5
 This summary was machine generated June 27 at 12:32 GMT.  All
figures in US dollars  unless otherwise stated