B&G Foods Inc reports results for the quarter ended December 31 - Earnings Summary

• B&G Foods Inc BGS.N reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of seven analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 28 cents to 33 cents per share.

• Revenue fell 4.6% to $551.57 million from a year ago; analysts expected $547.90 million.

• B&G Foods Inc's reported EPS for the quarter was a loss of $2.81​.

• The company reported a quarterly loss of $222.4 million.

• B&G Foods Inc shares had fallen by 0.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and 2 "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 B&G Foods Inc is $8.00

This summary was machine generated from LSEG data February 26 at 05:28 a.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)