Specialty food company The Marzetti Company (NASDAQ: MZTI) will be announcing earnings results this Monday before market open. Here’s what to expect.
The Marzetti Company missed analysts’ revenue expectations last quarter, reporting revenues of $509.8 million, flat year on year. It was a slower quarter for the company, with a miss of analysts’ gross margin estimates and a miss of analysts’ revenue 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 grow 1.8% year on year, a reversal from the 3.3% decrease it recorded in the same quarter last year.
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. 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 Q1 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 10.6%, beating analysts’ expectations by 2.4%, and Lamb Weston reported revenues up 2.9%, topping estimates by 5.2%. Hershey traded down 3.6% following the results while Lamb Weston was also down 6.9%.
Read our full analysis of Hershey’s results here and Lamb Weston’s results here.
There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 2.8% on average over the last month. The Marzetti Company is down 16.1% during the same time and is heading into earnings with an average analyst price target of $185 (compared to the current share price of $120).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
