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Packaged meals firm Put up (NYSE:POST) will likely be reporting earnings tomorrow afternoon. Right here’s what to search for.
Put up missed analysts’ income expectations by 3.4% final quarter, reporting revenues of $1.95 billion, up 4.7% yr on yr. It was a combined quarter for the corporate, with a strong beat of analysts’ earnings estimates.
Is Put up a purchase or promote going into earnings? Read our full analysis here, it’s free.
This quarter, analysts expect Put up’s income to develop 1.1% yr on yr to $1.97 billion, slowing from the 23.2% improve it recorded in the identical quarter final yr. Adjusted earnings are anticipated to return in at $1.22 per share.
Nearly all of analysts protecting the corporate have reconfirmed their estimates during the last 30 days, suggesting they anticipate the enterprise to remain the course heading into earnings. Put up has missed Wall Road’s income estimates twice during the last two years.
Put up’s friends within the shelf-stable meals section, some have already reported their Q3 outcomes, giving us a touch as to what we will count on. TreeHouse Meals’s revenues decreased 2.8% yr on yr, lacking analysts’ expectations by 4.6%, and Mondelez reported revenues up 4%, consistent with consensus estimates. Mondelez’s inventory value was unchanged following the outcomes.
Learn our full evaluation of TreeHouse Foods’s results here and Mondelez’s results here.
Traders within the shelf-stable meals section have had regular fingers going into earnings, with share costs up 1.1% on common during the last month. Put up is down 5.8% throughout the identical time and is heading into earnings with a median analyst value goal of $125 (in comparison with the present share value of $108.98).
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