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

The Simply Good Foods

27/06/2024 14:31

* Simply Good Foods Co  SMPL.OQ  reported quarterly adjusted
earnings of 50 cents​​ per share for the quarter ended in May,
higher than the same quarter last year, when the company
reported EPS of 44 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 46 cents to 50
cents per share.
    * Revenue rose 3.1% to $334.76 million from a year ago;
analysts
expected $337.66 million. 
    * Simply Good Foods Co's reported EPS for the quarter was 41
cents​.
    * The company reported quarterly net income of $41.33
million.
    * Simply Good Foods Co shares had risen by 6.3% this
quarter and
lost 8.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"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 $40.00 
This summary was machine generated from LSEG data June 27 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
 May. 31 2024      0.48           0.50           Beat
 Feb. 29 2024      0.38           0.40           Beat
 Nov. 30 2023      0.41           0.43           Beat
 Aug. 31 2023      0.45           0.45           Met