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

Utz Brands

29/02/2024 14:32

* UTZ Brands Inc  UTZ.N  reported quarterly adjusted
earnings of
16 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 14 cents to 18 cents per share.
    * Revenue fell 0.7% to $352.10 million from a year ago;
analysts
expected $354.05 million. 
    * UTZ Brands Inc's reported EPS for the quarter was a loss
of 34
cents​.
    * The company reported a quarterly loss of $27.68 million.
    * UTZ Brands Inc shares had risen by 12.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for UTZ Brands
Inc is
$19.00 

This summary was machine generated from LSEG data February 29 at
02:32 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      0.16           0.16           Met
 Sep. 30 2023      0.15           0.17           Beat
 Jun. 30 2023      0.12           0.13           Beat
 Mar. 31 2023      0.10           0.11           Beat