Earnings Scheduled For February 21, 2023
Companies Reporting Before The Bell
• Sohu.com (NASDAQ:SOHU) is likely to report earnings for its fourth quarter.
Morgan Stanley Thinks Packaged Food Group Will Offer Safe Havens For Investors In 2023
Morgan Stanley analyst Pamela Kaufman has put forth the 2023 outlook for the performance of U.S. food companies.
As consumers face increasing macro pressures, including ongoing inflation, rising interest rates, and rising unemployment, the analyst expects the packaged food group to continue to offer investors a safe haven, particularly in 1H23.
Morgan Stanley Maintains Overweight on Hostess Brands, Raises Price Target to $30
Morgan Stanley analyst Pamela Kaufman maintains Hostess Brands (NASDAQ:TWNK) with a Overweight and raises the price target from $26 to $30.
FDA Says No Way To Food Companies Wanting To Get On The CBD Gravy Train
As several major food makers are champing at the bit to cash in on the CBD food and drinks craze, it seems the FDA is still not down with the program.
Hostess Brands: Q2 Earnings Insights
Hostess Brands (NASDAQ:TWNK) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Hostess Brands reported in-line EPS of $0.22 versus an estimate of $0.22.
Hostess Brands Sees FY22 Net Revenue At Least 15% Growth; Reiterates FT Adj. EBITDA Guidance
Raising full year 2022 net revenue guidance to at least 15% growth, while maintaining full year adjusted EBITDA guidance towards the higher end of $280 - $290
Snack On This: Twinkies Has A New ‘Coin,’ But It’s Not Actually Cryptocurrency
Capitalizing on the rise of the number of cryptocurrencies that use the word coin, a snack food company is launching a limited-edition product that highlights this.
What Happened: Hostess Brands Inc (NASDAQ: TWNK) launched special-edition circular Twinkies called “$TWINKcoin.”
Looking Into Hostess Brands’s Return On Invested Capital
Pulled from Benzinga Pro data, Hostess Brands (NASDAQ:TWNK) showed a loss in earnings since Q4, totaling $34.56 million. Sales, on the other hand, increased by 11.74% to $332.05 million during Q1.
Hostess Brands Q1 EPS $0.25 Beats $0.22 Estimate, Sales $332.10M Beat $296.78M Estimate
Hostess Brands (NASDAQ:TWNK) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.22 by 13.64 percent. This is a 25 percent increase over earnings of $0.20 per share from the
Earnings Scheduled For May 4, 2022
Companies Reporting Before The Bell
• Seres Therapeutics (NASDAQ:MCRB) is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million.