The Marzetti Company reports results for the quarter ended September 30 - Earnings Summary

• The Marzetti Company reported quarterly adjusted earnings of $1.14​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.76. The mean expectation of four analysts for the quarter was for earnings of $1.36 per share. Wall Street expected results to range from $1.33 to $1.40 per share.

• Revenue fell 2.4% to $481.52 million from a year ago; analysts expected $483.86 million.

• The Marzetti Company's reported EPS for the quarter was $1.07​.

• The company reported quarterly net income of $29.3 million.

• The Marzetti Company shares had risen by 11.8% this quarter and lost 32.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 22.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "buy."

• Wall Street's median 12-month price target for The Marzetti Company is $135.00, about 17.8% above its last closing price of $110.93

This summary was machine generated from LSEG data November 3 at 02:31 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)