Flowers Foods Inc reports results for the quarter ended December 31 - Earnings Summary

• Flowers Foods Inc FLO.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of eight analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 20 cents to 21 cents per share.

• Revenue fell 1.6% to $1.11 billion from a year ago; analysts expected $1.13 billion.

• Flowers Foods Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $43.12 million.

• Flowers Foods Inc shares had fallen by 6.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "hold"

Wall Street's median 12-month price target for Flowers Foods Inc is $23.50

This summary was machine generated from LSEG data February 7 at 01:03 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)