Premium Brands Holdings Corp reports results for the quarter ended March 31 - Earnings Summary

• Premium Brands Holdings Corp PBH.TO reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of nine analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 61 cents to 80 cents per share.

• Revenue rose 14.9% to C$1.68 billion from a year ago; analysts expected C$1.59 billion.

• Premium Brands Holdings Corp's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of C$2.6 million.

• Premium Brands Holdings Corp shares had fallen by 3.2% this quarter and lost 5.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% 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 "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "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 Premium Brands Holdings Corp is C$100.00

This summary was machine generated from LSEG data May 7 at 02:14 p.m. UTC. ​All figures in Canadian 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)