B&G Foods (NYSE: BGS ) is expected to report Q3 earnings on Oct. 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict B&G Foods's revenues will expand 18.9% and EPS will expand 32.0%.
The average estimate for revenue is $158.1 million. On the bottom line, the average EPS estimate is $0.33.
Last quarter, B&G Foods tallied revenue of $148.6 million. GAAP reported sales were 15% higher than the prior-year quarter's $129.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.33. GAAP EPS of $0.33 for Q2 were 27% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 34.8%, 220 basis points better than the prior-year quarter. Operating margin was 23.6%, 330 basis points better than the prior-year quarter. Net margin was 10.8%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $642.0 million. The average EPS estimate is $1.39.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on B&G Foods is hold, with an average price target of $22.50.
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