Specialty food company The Marzetti Company (NASDAQ: MZTI) will be reporting results this Tuesday before market open. Here’s what to expect.
The Marzetti Company missed analysts’ revenue expectations last quarter, reporting revenues of $451.8 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ gross margin estimates.
Is The Marzetti Company a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting The Marzetti Company’s revenue to be flat year on year, slowing from the 5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. The Marzetti Company has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at The Marzetti Company’s peers in the shelf-stable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Lamb Weston delivered year-on-year revenue growth of 5.6%, beating analysts’ expectations by 4.8%, and Hershey reported revenues up 6.6%, topping estimates by 5.7%. Lamb Weston traded up 8% following the results while Hershey was down 4.8%.
Read our full analysis of Lamb Weston’s results here and Hershey’s results here.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. The Marzetti Company is up 3.8% during the same time and is heading into earnings with an average analyst price target of $159.40 (compared to the current share price of $111.60).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
