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

Turning Point Brands

01/08/2024 15:24

* Turning Point Brands Inc  TPB.N  reported quarterly
adjusted
earnings of 89 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 79 cents.  The mean expectation of two analysts
for the quarter was for earnings of 75 cents per share. 
    * Revenue rose 2.8% to $108.51 million from a year ago;
analysts
expected $96.14 million. 
    * Turning Point Brands Inc's reported EPS for the quarter
was 68
cents​.
    * The company reported quarterly net income of $13 million.
    * Turning Point Brands Inc shares had risen by 17.5% this
quarter and gained 43.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $42.50 
This summary was machine generated from LSEG data August 1 at
02:24 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      0.75           0.89           Beat
 Mar. 31 2024      0.67           0.80           Beat
 Dec. 31 2023      0.68           0.79           Beat
 Sep. 30 2023      0.61           0.76           Beat