Westrock Coffee Co reports results for the quarter ended June 30 - Earnings Summary

• Westrock Coffee Co WEST.OQ reported a quarterly adjusted loss of 23 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of four analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -17 cents to -13 cents per share.

• Revenue rose 34.8% to $280.86 million from a year ago; analysts expected $238.83 million.

• Westrock Coffee Co's reported EPS for the quarter was a loss of 23 cents​.

• The company reported a quarterly loss of $21.48 million.

• Westrock Coffee Co shares had risen by 22.0% this quarter and gained 8.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% 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 "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, about 33.4% above its last closing price of $6.66

This summary was machine generated from LSEG data August 8 at 03:59 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)