Simply Good Foods Co reports results for the quarter ended in February - Earnings Summary

The Simply Good Foods

04/04/2024 14:31

* Simply Good Foods Co  SMPL.OQ  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended in
February, higher than the same quarter last year, when the
company reported EPS of 32 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 36 cents to 41
cents per share.
    * Revenue rose 5.3% to $312.20 million from a year ago;
analysts
expected $318.36 million. 
    * Simply Good Foods Co's reported EPS for the quarter was 33
cents​.
    * The company reported quarterly net income of $33.12
million.
    * Simply Good Foods Co shares had fallen by 4.2% this
quarter and
lost 17.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"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 Simply Good Foods
Co is $42.00 
This summary was machine generated from LSEG data April 4 at
01:31 p.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
 Feb. 29 2024      0.38           0.40           Beat
 Nov. 30 2023      0.41           0.43           Beat
 Aug. 31 2023      0.45           0.45           Met
 May. 31 2023      0.41           0.44           Beat