Simply Good Foods Co reports results for the quarter ended February 28 - Earnings Summary

• Simply Good Foods Co SMPL.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of ten analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 36 cents to 42 cents per share.

• Revenue rose 15.2% to $359.66 million from a year ago; analysts expected $354.43 million.

• Simply Good Foods Co's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $36.75 million.

• Simply Good Foods Co shares had fallen by 3.8% this quarter and lost 14.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Simply Good Foods Co is $38.00

This summary was machine generated from LSEG data April 9 at 01:31 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)