Westrock Coffee Co reports results for the quarter ended March 31 - Earnings Summary

• Westrock Coffee Co WEST.OQ reported a quarterly adjusted loss of 29 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -27 cents. The mean expectation of four analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -22 cents to -20 cents per share.

• Revenue rose 11.1% to $213.80 million from a year ago; analysts expected $206.38 million.

• Westrock Coffee Co's reported EPS for the quarter was a loss of 29 cents​.

• The company reported a quarterly loss of $27.13 million.

• Westrock Coffee Co shares had fallen by 15.5% this quarter and lost 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 75% 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 5 "strong buy" or "buy," no "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 Westrock Coffee Co is $10.00

This summary was machine generated from LSEG data May 8 at 11:53 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)