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

• Flowers Foods Inc FLO.N reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of eight analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 28 cents to 31 cents per share.

• Revenue rose 1.5% to $1.24 billion from a year ago; analysts expected $1.27 billion.

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

• The company reported quarterly net income of $58.37 million.

• Flowers Foods Inc shares had risen by 3.8% this quarter and lost 19.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for Flowers Foods Inc is $18.00, about 7.9% above its last closing price of $16.58

This summary was machine generated from LSEG data August 15 at 12:59 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)