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B&G Foods (BGS) Reports Q4: Everything You Need To Know Ahead Of Earnings

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Packaged foods company B&G Foods (NYSE: BGS) will be reporting earnings this Tuesday afternoon. Here’s what investors should know.

B&G Foods met analysts’ revenue expectations last quarter, reporting revenues of $439.3 million, down 4.7% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is B&G Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting B&G Foods’s revenue to decline 2.8% year on year, improving from the 4.6% decrease it recorded in the same quarter last year.

B&G Foods Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. B&G Foods has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at B&G Foods’s peers in the shelf-stable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Hershey delivered year-on-year revenue growth of 7%, beating analysts’ expectations by 3.8%, and BellRing Brands reported flat revenue, topping estimates by 6.7%. Hershey traded up 12.5% following the results while BellRing Brands was down 13.4%.

Read our full analysis of Hershey’s results here and BellRing Brands’s results here.

There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 2.8% on average over the last month. B&G Foods is up 19.2% during the same time and is heading into earnings with an average analyst price target of $4.20 (compared to the current share price of $5.32).

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