Westrock Coffee Co reports results for the quarter ended September 30 - Earnings Summary

Westrock Coffee

08/11/2024 16:28

* Westrock Coffee Co  WEST.OQ  reported a quarterly adjusted
loss
of 16 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 15 cents.  The mean expectation of four analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -10 cents to -4 cents per share.
    * Revenue rose 0.6% to $220.86 million from a year ago;
analysts
expected $238.37 million. 
    * Westrock Coffee Co's reported EPS for the quarter was a
loss
of 16 cents​.
    * The company reported a quarterly loss of $14.17 million.
    * Westrock Coffee Co shares had risen by 12.3% this
quarter and
lost 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.7%
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 5 "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 November 8 at
04:27 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
 Sep. 30 2024      -0.06          -0.16          Missed
 Jun. 30 2024      -0.06          -0.20          Missed
 Mar. 31 2024      -0.04          -0.27          Missed
 Dec. 31 2023      0.00           -0.23          Missed