J&J Snack Foods (JJSF) Q1 Earnings Report Preview: What To Look For
Snack food company J&J Snack Foods (NASDAQ:JJSF) will be reporting results tomorrow after market close. Here's what you need to know.
J&J Snack Foods missed analysts' revenue expectations by 4% last quarter, reporting revenues of $348.3 million, flat year on year. It was a weak quarter for the company, with a miss of analysts' earnings 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 be flat year on year at $341.1 million, slowing from the 20% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 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. 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. Post delivered year-on-year revenue growth of 23.4%, missing analysts' expectations by 1.5%, and Kellanova reported a revenue decline of 4.2%, topping estimates by 1.3%. Post traded down 2.1% following the results while Kellanova was up 6.2%.
Read our full analysis of Post's results here and Kellanova's results here.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. J&J Snack Foods's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $174 (compared to the current share price of $138.24).
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