Hostess Brands, Inc. (NASDAQ:TWNK) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.17 per share.
For the full year, analysts predict revenues of $ 1008.19 million, while looking forward to income of $ 0.74 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.70 ~ $ 0.75 per share
Click Here For More Historical Outlooks Of Hostess Brands, Inc.
Previous Quarter Performance
Hostess Brands, Inc. revealed income for the second quarter of $ 0.22 per share, from the revenue of $ 256.23 million. The consensus estimates are income of $ 0.15 per share from $ 253.76 million in revenue. The bottom line results beat street analysts by $ 0.07 or 46.67 percent, at the same time, top line results outshined analysts by $ 2.47 million or 0.97 percent.
Stock Performance
Shares of Hostess Brands, Inc. traded low $ 0.00 or 0.00 percent on Wednesday, reaching $ 13.05 with volume of 812.00 thousand shares. Hostess Brands, Inc. has traded high as $ 13.16 and has cracked $ 12.94 on the downward trend
The closing price of $ 13.05, representing a 39.87 % increase from the 52 week low of $ 9.33 and a 11.1 % decrease over the 52 week high of $ 14.68.
The company has a market capital of $ 1.71 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 14.00 target price.
Conference Call
Hostess Brands, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hostessbrands.com
Hostess Brands, Inc., a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
