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

Utz Brands

03/05/2024 17:51

* UTZ Brands Inc  UTZ.N  reported quarterly adjusted
earnings of
14 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 11 cents to 14 cents per share.
    * Revenue fell 1.4% to $346.52 million from a year ago;
analysts
expected $346.88 million. 
    * UTZ Brands Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $3.99 million.
    * UTZ Brands Inc shares had risen by 6.0% this quarter and
gained 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$23.00 
This summary was machine generated from LSEG data May 3 at 04:51
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      0.13           0.14           Beat
 Dec. 31 2023      0.16           0.16           Met
 Sep. 30 2023      0.15           0.17           Beat
 Jun. 30 2023      0.12           0.13           Beat