Nutrition products company Bellring Brands (NYSE:BRBR) will be announcing earnings results tomorrow after market close. Here's what you need to know.
Last quarter BellRing Brands reported revenues of $445.9 million, up 20.3% year on year, beating analyst revenue expectations by 1.2%. It was a decent quarter for the company, with a beat of analysts' revenue estimates.
Is BellRing Brands buy or sell heading into the earnings? Read our full analysis here.
This quarter analysts are expecting BellRing Brands's revenue to grow 21.5% year on year to $460.8 million, improving on the 11.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at BellRing Brands's peers in the personal care segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. The Honest Company delivered top-line growth of 1.9% year on year, beating analyst estimates by 4.8% and Olaplex reported revenue decline of 30% year on year, exceeding estimates by 6.8%.
There has been positive sentiment among investors in the personal care segment, with the stocks up on average 3.4% over the last month. BellRing Brands is up 5% during the same time, and is heading into the earnings with analyst price target of $46.6, compared to share price of $45.4.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
Join Paid Stock Investor Research
Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
The author has no position in any of the stocks mentioned.