Simply Good Foods Co reports results for the quarter ended May 31 - Earnings Summary

• Simply Good Foods Co SMPL reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of eleven analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 49 cents to 52 cents per share.

• Revenue rose 13.8% to $380.96 million from a year ago; analysts expected $381.71 million.

• Simply Good Foods Co's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $41.1 million.

• Simply Good Foods Co shares had risen by 2.4% this quarter and lost 17.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."

• Wall Street's median 12-month price target for Simply Good Foods Co is $38.00, about 14.9% above its last closing price of $32.34

This summary was machine generated from LSEG data July 10 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)