Snack food company J&J Snack Foods (NASDAQ: JJSF) will be announcing earnings results tomorrow before market open. Here’s what to look for.
J&J Snack Foods met analysts’ revenue expectations last quarter, reporting revenues of $362.6 million, up 4.1% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates.
Is J&J Snack Foods a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting J&J Snack Foods’s revenue to grow 2.2% year on year to $367.8 million, slowing from the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J&J Snack Foods has missed Wall Street’s revenue estimates four times over the last two years.
Looking at J&J Snack Foods’s peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 4.3%, beating analysts’ expectations by 2.4%, and Simply Good Foods reported revenues up 15.2%, topping estimates by 1.6%. Lamb Weston traded up 9.1% following the results while Simply Good Foods was also up 9.2%.
Read our full analysis of Lamb Weston’s results here and Simply Good Foods’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 3% on average over the last month. J&J Snack Foods is down 2.9% during the same time and is heading into earnings with an average analyst price target of $157.75 (compared to the current share price of $129.28).
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