Turning Point Brands Inc reports results for the quarter ended in September 30 - Earnings Summary

Turning Point Brands

07/11/2024 14:39

* Turning Point Brands Inc  TPB.N  reported quarterly
adjusted
earnings of 87 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 76 cents.  The mean expectation of
three analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 67 cents to 78
cents per share.
    * Revenue rose 3.8% to $105.62 million from a year ago;
analysts
expected $100.71 million. 
    * Turning Point Brands Inc's reported EPS for the quarter
was 68
cents​.
    * The company reported quarterly net income of $12.38
million.
    * Turning Point Brands Inc shares had risen by 18.3% this
quarter and gained 93.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
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 3 "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 50.00 
This summary was machine generated from LSEG data November 7 at
02:38 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
 Sep. 30 2024      0.73           0.87           Beat
 Jun. 30 2024      0.75           0.89           Beat
 Mar. 31 2024      0.67           0.80           Beat
 Dec. 31 2023      0.68           0.79           Beat