Preview: B&G Foods's Earnings

B&G Foods (NYSE:BGS) is preparing to release its quarterly earnings on Tuesday, 2024-11-05. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect B&G Foods to report an earnings per share (EPS) of $0.20.

Investors in B&G Foods are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Past Earnings Performance

Last quarter the company missed EPS by $0.01, which was followed by a 2.66% drop in the share price the next day.

Here's a look at B&G Foods's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.09

0.21

0.29

0.23

EPS Actual

0.08

0.18

0.30

0.27

Price Change %

-3.0%

-28.000000000000004%

21.0%

1.0%

Tracking B&G Foods's Stock Performance

Shares of B&G Foods were trading at $8.62 as of November 01. Over the last 52-week period, shares are down 3.19%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Insights Shared by Analysts on B&G Foods

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding B&G Foods.

With 1 analyst ratings, B&G Foods has a consensus rating of Neutral. The average one-year price target is $10.0, indicating a potential 16.01% upside.

Analyzing Analyst Ratings Among Peers

In this comparison, we ...