Packaged bakery food company Flower Foods (NYSE:FLO) will be reporting earnings tomorrow after market close. Here's what to expect.
Last quarter Flowers Foods (NYSE:FLO) reported revenues of $1.20 billion, up 3.5% year on year, missing analyst expectations by 1.2%. It was a weaker quarter for the company, with a miss of analysts' revenue estimates.
Is Flowers Foods buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Flowers Foods's revenue to grow 4.2% year on year to $1.13 billion, slowing down from the 10.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.21 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.
Looking at Flowers Foods's peers in the packaged food segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Simply Good Foods delivered top-line growth of 2.6% year on year, missing analyst estimates by 0.2% and Mondelez (NASDAQ:MDLZ) reported revenues up 8.7% year on year, exceeding estimates by 0.2%. Simply Good Foods traded up 1.4% on the results, and Mondelez was down 3.1%.
Read the full analysis of Simply Good Foods's and Mondelez's results on StockStory.
Investors in the packaged food segment have had steady hands going into the earnings, with the stocks down on average 0.2% over the last month. Flowers Foods is up 1.7% during the same time, and is heading into the earnings with analyst price target of $24, compared to share price of $23.4.
The author has no position in any of the stocks mentioned.