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

Whole Earth Brands

11/05/2023 20:32

* Whole Earth Brands Inc  FREE.OQ  reported a quarterly
adjusted
loss of 47 cents​​ per share for the quarter ended in March. The
mean expectation of six analysts for the quarter was for a loss
of 15 cents per share.
    * Revenue rose 1.4% to $132.42 million from a year ago;
analysts
expected $134.46 million. 
    * Whole Earth Brands Inc's reported EPS for the quarter was
a loss
of 47 cents​.
    * The mean earnings estimate of analysts had fallen by
about 764.4% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Whole Earth Brands Inc shares had risen by 9.8% this
quarter and
lost 31.0% so far this year.
    * The company reported a quarterly loss of $17.8 million.
    * Wall Street's median 12-month price target for Whole Earth
Brands Inc is $7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
11 at 07:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.15          -0.47          Missed
 Dec. 31 2022      0.00           -0.33          Missed
 Sep. 30 2022      0.08           -0.06          Missed
 Jun. 30 2022      0.10           0.03           Missed