Alert: New Earnings Report (11/8/23)-B&G Foods Inc (NYSE: BGS).


B&G Foods Inc (NYSE: BGS) has reported E.P.S. of $-1.11 for its third fiscal quarter (ending September 30) versus $-0.83 for the same period a year ago. This result fell short of the consensus estimate of $0.23 by $-1.34. For the latest four quarters through September 30, E.P.S. were $-0.60 versus $-0.58 for the same period a year ago.


Recent Price Action

B&G Foods Inc (NYSE: BGS) stock closed at $8.71 on 11/8/23 after a large decline of -2.6%. The stock has risen 7.9% during the last week but has been extremely weak relative to the market over the last nine months.

Current PriceTarget Research Rating

BGS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

B&G Foods has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. B&G Foods has a slightly positive Appreciation Score of 70 but a poor Power Rating of 21, resulting in the Low Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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