The Simply Good Foods Company reports results for the quarter ended August 31 - Earnings Summary

• The Simply Good Foods Company reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of nine analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 36 cents to 43 cents per share.

• Revenue fell 9.7% to $333.31 million from a year ago; analysts expected $327.10 million.

• The Simply Good Foods Company's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $30.5 million.

• The Simply Good Foods Company shares had risen by 6.3% this quarter and lost 49.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for The Simply Good Foods Company is $14.00, about 27.9% above its last closing price of $10.09

This summary was machine generated from LSEG data October 27 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)