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

Utz Brands

01/08/2024 13:29

* UTZ Brands Inc  UTZ.N  reported quarterly adjusted
earnings of
19 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 14 cents to 17 cents per share.
    * Revenue fell 1.8% to $356.19 million from a year ago;
analysts
expected $357.22 million. 
    * UTZ Brands Inc's reported EPS for the quarter was 23
cents​.
    * The company reported quarterly net income of $19.85
million.
    * UTZ Brands Inc shares had fallen by 10.8% this quarter and
lost 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for UTZ Brands Inc is
$21.00 
This summary was machine generated from LSEG data August 1 at
12:29 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
 Jan. 1 0001       0.16           0.19           Beat
 Mar. 31 2024      0.13           0.14           Beat
 Dec. 31 2023      0.16           0.16           Met
 Sep. 30 2023      0.15           0.17           Beat