Stock Story -
Nutrition products company Bellring Brands (NYSE:BRBR) will be reporting earnings tomorrow afternoon. Here's what you need to know.
BellRing Brands beat analysts' revenue expectations by 5.9% last quarter, reporting revenues of $494.6 million, up 28.3% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' organic revenue growth and earnings estimates.
Is BellRing Brands a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting BellRing Brands's revenue to grow 13.3% year on year to $505.1 million, slowing from the 20.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.44 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BellRing Brands has missed Wall Street's revenue estimates twice over the last two years.
Looking at BellRing Brands's peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Kellanova's revenues decreased 4.7% year on year, beating analysts' expectations by 1.5%, and Post (NYSE:POST) reported revenues up 4.7%, falling short of estimates by 3.4%. Kellanova traded up 8.3% following the results while Post was also up 3.1%.
Read the full analysis of Kellanova's and Post's results on StockStory.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 4% on average over the last month. BellRing Brands is down 16% during the same time and is heading into earnings with an average analyst price target of $64 (compared to the current share price of $49.67).
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