Mama's Creations, Inc. (MAMA) reported lower than expected earnings, but revenue exceeded expectations.

From Nasdaq: 2024-12-16 19:25:02

Mama’s Creations, Inc. (MAMA) reported quarterly earnings of $0.01 per share, missing estimates of $0.04 per share. This represents a -75% earnings surprise compared to the previous quarter. The company’s revenue for October 2024 was $31.52 million, exceeding expectations by 3.69%. Mama’s Creations stock has risen by 92.9% this year.

Investors are now wondering about the future of Mama’s Creations, Inc. and its stock performance. The company’s earnings outlook and estimate revisions will play a crucial role. The current consensus EPS estimate is $0.06 for the next quarter and $0.14 for the current fiscal year. The stock has a Zacks Rank #3 (Hold) with a mixed estimate revisions trend.

General Mills (GIS), a competitor in the same industry, is expected to release its quarterly results on December 18. Analysts predict earnings of $1.22 per share, a decrease of -2.4% from last year. Revenue is expected to be $5.16 billion, up 0.4% from the previous year. General Mills’ EPS estimate has been revised 0.4% lower in the last 30 days.

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Read more at Nasdaq: Mama’s Creations, Inc. (MAMA) Misses Q3 Earnings Estimates