Nutrition products company Bellring Brands (NYSE: BRBR) will be reporting results this Tuesday before market hours. Here’s what investors should know.
BellRing Brands beat analysts’ revenue expectations last quarter, reporting revenues of $537.3 million, flat year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ organic revenue estimates.
Is BellRing Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting BellRing Brands’s revenue to grow 3.5% year on year, slowing from the 18.9% increase it recorded in the same quarter last year.
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. BellRing Brands has a history of exceeding Wall Street’s expectations.
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. Hershey delivered year-on-year revenue growth of 10.6%, beating analysts’ expectations by 2.4%, and Lamb Weston reported revenues up 2.9%, topping estimates by 5.2%. Hershey traded down 3.6% following the results while Lamb Weston was also down 6.9%.
Read our full analysis of Hershey’s results here and Lamb Weston’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 2.8% on average over the last month. BellRing Brands is up 9.6% during the same time and is heading into earnings with an average analyst price target of $26.07 (compared to the current share price of $17.24).
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