BellRing Brands stock closed up 1.8%, upcoming earnings report expected to show positive growth

From Nasdaq: 2024-07-26 18:15:19

In the latest trading session, BellRing Brands (BRBR) closed at $49.87, up 1.8%. This outperformed the S&P 500, which saw a 1.11% increase. Over the past month, BRBR shares have declined by 15.53%, while the Medical sector declined by 0.54% and the S&P 500 by 1.16%.

Investors are eagerly awaiting BellRing Brands’ upcoming earnings report on August 5, 2024. Expected EPS is $0.44, up 29.41% from last year, with estimated revenue of $503.91 million, showing a 13.01% increase. Full-year estimates predict earnings of $1.80 per share and revenue of $1.96 billion, with significant year-over-year growth.

Analyst estimates for BellRing Brands are subject to change, reflecting short-term business trends. Positive revisions often reflect optimism about the company’s performance. Utilizing the Zacks Rank, which considers these changes, can aid in predicting stock price performance. Currently holding a Zacks Rank of #3 (Hold), BRBR shows a 0.38% decline in consensus EPS estimate over the past month.

Investors should consider valuation metrics like BellRing Brands’ Forward P/E ratio of 27.21, above the industry average of 22.7. BRBR’s PEG ratio of 1.38 accounts for expected earnings growth, surpassing the industry’s average PEG ratio of 2.29. The Medical – Products industry, to which BellRing Brands belongs, has a Zacks Industry Rank of 96, placing it in the top 39%.

Interested in potential stock movers? Check out these 5 “Whisper” Stocks that may surprise analysts and generate significant gains upon earnings announcement. For more insights and stock recommendations, visit Zacks.com and stay informed about market-moving metrics.



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