Packaged foods company Post (NYSE:POST) will be reporting earnings tomorrow afternoon. Here’s what to look for.
Post missed analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $1.95 billion, up 4.7% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ earnings estimates.
Is Post a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Post’s revenue to grow 1.1% year on year to $1.97 billion, slowing from the 23.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Post has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Post’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. TreeHouse Foods’s revenues decreased 2.8% year on year, missing analysts’ expectations by 4.6%, and Mondelez reported revenues up 4%, in line with consensus estimates. Mondelez’s stock price was unchanged following the results.
Read our full analysis of TreeHouse Foods’s results here and Mondelez’s results here.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Post is down 5.8% during the same time and is heading into earnings with an average analyst price target of $125 (compared to the current share price of $108.98).
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