What To Expect From BellRing Brands’s (BRBR) Q1 Earnings

Jabin Bastian /
2024/02/04 2:01 am EST

Nutrition products company Bellring Brands (NYSE:BRBR) will be reporting results. Here's what investors should know.

Last quarter BellRing Brands reported revenues of $472.6 million, up 24.6% year on year, beating analyst revenue expectations by 2.6%. It was a decent quarter for the company, with an impressive beat of analysts' revenue, adjusted EBITDA, and EPS expectations.

Is BellRing Brands buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting BellRing Brands's revenue to grow 12.6% year on year to $408.4 million, slowing down from the 18.3% 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.

BellRing Brands Total Revenue

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 twice over the last two years.

Looking at BellRing Brands's peers in the consumer staples segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Post delivered top-line growth of 25.5% year on year, beating analyst estimates by 2.4% and Lamb Weston reported revenues up 35.7% year on year, exceeding estimates by 1.9%. Post traded up 4.8% on the results, Lamb Weston was down 1.4%.

Read our full analysis of Post's results here and Lamb Weston's results here.

Investors in the consumer staples segment have had steady hands going into the earnings, with the stocks down on average 0.4% over the last month. BellRing Brands is up 7.9% during the same time, and is heading into the earnings with analyst price target of $58.1, compared to share price of $56.82.

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The author has no position in any of the stocks mentioned.