Nutrition products company Bellring Brands (NYSE:BRBR) will be reporting earnings tomorrow afternoon. Here’s what you need to know.
BellRing Brands beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $515.4 million, up 15.6% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ gross margin and EBITDA estimates.
Is BellRing Brands a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting BellRing Brands’s revenue to grow 15.3% year on year to $545 million, slowing from the 24.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BellRing Brands has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.7% on average.
Looking at BellRing Brands’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Post delivered year-on-year revenue growth of 3.3%, beating analysts’ expectations by 2.2%, and Kellanova reported flat revenue, topping estimates by 2.5%. Post traded down 1.5% following the results while Kellanova’s stock price was unchanged.
Read our full analysis of Post’s results here and Kellanova’s results here.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. BellRing Brands is up 10.3% during the same time and is heading into earnings with an average analyst price target of $70.50 (compared to the current share price of $72.79).
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