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

Turning Point Brands

03/05/2024 22:39

* Turning Point Brands Inc  TPB.N  reported quarterly
adjusted
earnings of 80 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 62 cents.  The mean expectation of two analysts
for the quarter was for earnings of 67 cents per share. 
    * Revenue fell 3.9% to $97.06 million from a year ago;
analysts
expected $90.66 million. 
    * Turning Point Brands Inc's reported EPS for the quarter
was 63
cents​.
    * The company reported quarterly net income of $12.01
million.
    * Turning Point Brands Inc shares had risen by 11.2% this
quarter and gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Turning
Point
Brands Inc is $42.50 

This summary was machine generated from LSEG data May 3 at 09:39
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
 Mar. 31 2024      0.67           0.80           Beat
 Dec. 31 2023      0.68           0.79           Beat
 Sep. 30 2023      0.61           0.76           Beat
 Jun. 30 2023      0.59           0.79           Beat