Westrock Coffee Co reports results for the quarter ended in January - Earnings Summary

Westrock Coffee

09/08/2024 05:18

* Westrock Coffee Co  WEST.OQ  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -35 cents.  The mean expectation of two analysts for the
quarter was for a loss of 8 cents per share. 
    * Revenue fell 7.3% to $208.39 million from a year ago;
analysts
expected $214.47 million. 
    * Westrock Coffee Co's reported EPS for the quarter was a
loss
of 20 cents​.
    * The company reported a quarterly loss of $17.67 million.
    * Westrock Coffee Co shares had fallen by 6.5% this
quarter and
lost 6.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 128.6% 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 3 "strong buy" or "buy," no
"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 Westrock Coffee
Co is $12.00 
This summary was machine generated from LSEG data August 9 at
04:18 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
 Jan. 1 0001       -0.08          -0.20          Missed
 Mar. 31 2024      -0.04          -0.27          Missed
 Dec. 31 2023      0.00           -0.23          Missed
 Sep. 30 2023      0.02           0.15           Beat