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Private label food company TreeHouse Foods (NYSE: THS)
will be reporting results tomorrow before market open. Here’s what you need to know.
TreeHouse Foods met analysts’ revenue expectations last quarter, reporting revenues of $788.5 million, down 1.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.
This quarter, analysts are expecting TreeHouse Foods’s revenue to grow 1.9% year on year to $879.5 million, slowing from the 3.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.75 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TreeHouse Foods has missed Wall Street’s revenue estimates five times over the last two years.
Looking at TreeHouse Foods’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hain Celestial’s revenues decreased 7.2% year on year, meeting analysts’ expectations, and Mondelez reported revenues up 4%, in line with consensus estimates. Hain Celestial traded down 16.9% following the results while Mondelez’s stock price was unchanged.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. TreeHouse Foods is down 7.9% during the same time and is heading into earnings with an average analyst price target of $39.89 (compared to the current share price of $37.63).