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

TreeHouse Foods

05/08/2024 14:51

* TreeHouse Foods Inc  THS.N  reported quarterly adjusted
earnings
of 29 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 42 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 7 cents to 17 cents per share.
    * Revenue fell 6.5% to $788.50 million from a year ago;
analysts
expected $783.65 million. 
    * TreeHouse Foods Inc's reported EPS for the quarter was a
loss
of 32 cents​.
    * The company reported a quarterly loss of $16.7 million.
    * TreeHouse Foods Inc shares had risen by 7.3% this
quarter and
lost 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 54.5%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "hold"

Wall Street's median 12-month price target for TreeHouse Foods
Inc is $37.00 
This summary was machine generated from LSEG data August 5 at
01:51 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
 Jun. 30 2024      0.13           0.29           Beat
 Mar. 31 2024      -0.01          -0.03          Missed
 Dec. 31 2023      0.73           0.77           Beat
 Sep. 30 2023      0.53           0.57           Beat