B&G Foods Inc (NYSE: BGS) has reported E.P.S. of $0.03 for its fourth fiscal quarter (ending December 31) versus $0.34 for the same period a year ago — a decline of -91%. Relative to the consensus estimate of $0.30, this was a shortfall of $-0.27. For the latest four quarters through December 31, E.P.S. were $-0.89 versus $-0.16 for the same period a year ago.
Recent Price Action
B&G Foods Inc (NYSE: BGS) stock enjoyed a major increase of 21.3% on 2/28/24. The shares closed at $11.40. Moreover, exceptionally high trading volume at 467% of normal accompanied the advance. The stock has risen 17.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
BGS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
B&G Foods has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. B&G Foods has a slightly positive Appreciation Score of 69 but a poor Power Rating of 23, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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