The Simply Good Foods Company (NASDAQ:SMPL) is reporting fourth quarter financial results on Monday 26th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, SMPL is expected to report 4Q20 income of $ 0.16 per share from revenue of $ 205.14 million.
For the full year, analysts anticipate top line of $ 800.92 million, while looking forward to income of $ 0.87 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 790.00 million ~ $ 800.00 million, where as bottomline are predicted in a range of $ 0.86 ~ $ 0.90 per share
Previous Quarter Performance
The Simply Good Foods Company unwinded income for the third quarter of $ 0.17 per share, from the revenue of $ 215.10 million, On adjusted basis, SMPL reported income for the quarter of $ 0.26 per share. The quarterly earnings developed 6.25 percent while revenues improved 54.23 percent compared with the same quarter last year. Street analysts expected The Simply Good Foods Company to report income of $ 0.15 per share on revenue of $ 208.08 million for the third quarter. The bottom line results beat street analysts by $ 0.11 or 73.33 percent, at the same time, top line results outshined analysts by $ 7.02 million or 3.37 percent.
On Friday, shares of The Simply Good Foods Company has traded high as $ 21.54 and has cracked $ 20.91 on the downward trend, reaching $ 21.15 with volume of 1.52 million shares.
According to the previous trading day, closing price of $ 21.15, representing a 49.08 % increase from the 52 week low of $ 14.08 and a 27.5 % decrease over the 52 week high of $ 28.95.
The company has a market capital of $ 2.02 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
- On 22nd September 2020, initiated by Morgan Stanley at Overweight rating, with $ 26.00 target price.
The Simply Good Foods Company will be hosting a conference call at 8:30 AM eastern time on 26th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thesimplygoodfoodscompany.com
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names. The company is headquartered in Denver, Colorado.