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

Utz Brands

10/08/2023 14:32

* UTZ Brands Inc  UTZ.N  reported quarterly adjusted
earnings of
13 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 12 cents per share.
    * Revenue rose 3.6% to $362.58 million from a year ago;
analysts
expected $360.59 million. 
    * UTZ Brands Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * UTZ Brands Inc shares had fallen by 3.2% this quarter and
lost 0.2% so far this year.
    * The company reported a quarterly loss of $4.12 million.
    * Wall Street's median 12-month price target for UTZ Brands
Inc is
$19.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.12           0.13           Beat
 Mar. 31 2023      0.10           0.11           Beat
 Dec. 31 2022      0.12           0.15           Beat
 Sep. 30 2022      0.14           0.16           Beat