Packaged foods company Post (NYSE: POST) will be reporting results this Thursday after market hours. Here’s what you need to know.
Post met analysts’ revenue expectations last quarter, reporting revenues of $2.25 billion, up 11.8% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ gross margin estimates.
Is Post a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Post’s revenue to grow 10.5% year on year to $2.18 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.67 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. Post has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Post’s peers in the shelf-stable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. J&J Snack Foods’s revenues decreased 5.2% year on year, missing analysts’ expectations by 4.7%, and The Marzetti Company reported revenues up 1.7%, in line with consensus estimates.
Read our full analysis of J&J Snack Foods’s results here and The Marzetti Company’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 9% on average over the last month. Post is up 6.4% during the same time and is heading into earnings with an average analyst price target of $124.38 (compared to the current share price of $102.49).
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