Turning Point Brands Inc reports results for the quarter ended in December - Earnings Summary

Turning Point Brands

28/02/2024 16:36

* Turning Point Brands Inc  TPB.N  reported quarterly
adjusted
earnings of 79 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 69 cents.  The mean expectation of
two analysts for the quarter was for earnings of 68 cents per
share. 
    * Revenue fell 6.1% to $97.12 million from a year ago;
analysts
expected $90.11 million. 
    * Turning Point Brands Inc's reported EPS for the quarter
was 53
cents​.
    * The company reported quarterly net income of $10.11
million.
    * Turning Point Brands Inc shares had fallen by 12.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.4%
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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the tobacco peer
group
is also "buy"

Wall Street's median 12-month price target for Turning Point
Brands Inc is $34.50 
This summary was machine generated from LSEG data February 28 at
04:35 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
 Dec. 31 2023      0.68           0.79           Beat
 Sep. 30 2023      0.61           0.76           Beat
 Jun. 30 2023      0.59           0.79           Beat
 Mar. 31 2023      0.48           0.62           Beat