Treehouse Foods Q1 Adj $(0.03) Misses $(0.02) Estimate, Sales $820.70M Beat $797.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Treehouse Foods (NYSE:THS) reported Q1 adjusted losses of $(0.03) per share, missing estimates by 50% and marking a 104.41% decrease from last year's earnings. However, their sales of $820.70M exceeded estimates by 2.95%, despite being 8.28% lower than the previous year.
May 06, 2024 | 10:57 am
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NEUTRAL IMPACT
Treehouse Foods reported a larger-than-expected Q1 loss but beat sales estimates, indicating mixed financial health.
The missed EPS estimate and reported loss may concern investors, potentially pressuring the stock. However, beating sales forecasts could offset some negative sentiment, suggesting resilience in revenue generation. The mixed results lead to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100