B&G Foods Q3 Adj EPS $0.27 Beats $0.23 Estimate, Sales $502.73M Miss $505.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
B&G Foods reported Q3 adjusted earnings of $0.27 per share, beating the analyst consensus estimate of $0.23 by 17.39%. However, this is a 12.9% decrease from the same period last year. The company's quarterly sales of $502.73 million missed the analyst consensus estimate of $505.30 million by 0.51%, marking a 4.86% decrease from the same period last year.
November 08, 2023 | 9:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
B&G Foods reported better than expected Q3 earnings but missed on sales. Both earnings and sales decreased compared to the same period last year.
While B&G Foods beat earnings estimates, the company missed on sales and both earnings and sales decreased year over year. This mixed report could negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100