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

Utz Brands

01/11/2024 03:08

* UTZ Brands Inc  UTZ.N  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 17 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 18 cents to 22 cents per share.
    * Revenue fell 1.7% to $365.52 million from a year ago;
analysts
expected $363.98 million. 
    * UTZ Brands Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $2.2 million.
    * UTZ Brands Inc shares had fallen by 8.4% this quarter and
lost 0.2% 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 negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "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 November 1 at
03:08 a.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      0.20           0.21           Beat
 Jun. 30 2024      0.16           0.19           Beat
 Mar. 31 2024      0.13           0.14           Beat
 Dec. 31 2023      0.16           0.16           Met