Lifeway Foods Inc reports results for the quarter ended June 30 - Earnings Summary

• Lifeway Foods Inc LWAY.OQ reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The lone analyst forecast for the quarter was for earnings of 18 cents per share.

• Revenue rose 9.7% to $53.90 million from a year ago; analysts expected $53.00 million.

• Lifeway Foods Inc's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $4.25 million.

• Lifeway Foods Inc shares had risen by 12.0% this quarter and gained 11.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% 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 1 "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 Lifeway Foods Inc is $30.00, about 7.9% above its last closing price of $27.62

This summary was machine generated from LSEG data August 12 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)