Nutrition products company Bellring Brands (NYSE: BRBR) will be reporting results tomorrow after market hours. Here’s what to expect.
BellRing Brands beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $532.9 million, up 23.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ gross margin estimates.
Is BellRing Brands a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting BellRing Brands’s revenue to grow 17.1% year on year to $579 million, slowing from the 28.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 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 Q1 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 4.3%, beating analysts’ expectations by 2.4%, and Simply Good Foods reported revenues up 15.2%, topping estimates by 1.6%. Lamb Weston traded up 9.1% following the results while Simply Good Foods was also up 9.2%.
Read our full analysis of Lamb Weston’s results here and Simply Good Foods’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 3% on average over the last month. BellRing Brands is up 12.5% during the same time and is heading into earnings with an average analyst price target of $84.76 (compared to the current share price of $78.92).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
