Yahoo Finance B&G Foods First Quarter 2024 Earnings: Misses Expectations
B&G Foods (NYSE:BGS) First Quarter 2024 Results
Key Financial Results
Revenue: US$475.2m (down 7.1% from 1Q 2023).
Net loss: US$40.2m (down from US$3.42m profit in 1Q 2023).
US$0.51 loss per share (down from US$0.048 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
B&G Foods Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 27% from a week ago.
Valuation
It's possible that B&G Foods could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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