Packaged foods company Post (NYSE: POST) will be reporting earnings this Thursday after market hours. Here’s what investors should know.
Post missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.95 billion, down 2.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EPS estimates but a miss of analysts’ EBITDA 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 be flat year on year at $1.95 billion, slowing from the 4.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.65 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 four times over the last two years.
Looking at Post’s peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 26%, beating analysts’ expectations by 3.1%, and J&J Snack Foods reported revenues up 3.3%, topping estimates by 2%. Hershey’s stock price was unchanged following the results.
Read our full analysis of Hershey’s results here and J&J Snack Foods’s results here.
Investors in the shelf-stable food segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. Post is down 3.4% during the same time and is heading into earnings with an average analyst price target of $127.29 (compared to the current share price of $103.14).
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