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Uncovering Potential: Simply Good Foods's Earnings Preview

Simply Good Foods (NASDAQ:SMPL) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Simply Good Foods to report an earnings per share (EPS) of $0.50.

Simply Good Foods bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.02, leading to a 1.23% increase in the share price the following trading session.

Here's a look at Simply Good Foods's past performance and the resulting price change:

Quarter

Q3 2024

Q2 2024

Q1 2024

Q4 2023

EPS Estimate

0.48

0.38

0.42

0.45

EPS Actual

0.50

0.40

0.43

0.45

Price Change %

1.0%

-2.0%

-4.0%

4.0%

Tracking Simply Good Foods's Stock Performance

Shares of Simply Good Foods were trading at $32.51 as of October 22. Over the last 52-week period, shares are down 11.46%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Insights on Simply Good Foods

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Simply Good Foods.

The consensus rating for ...