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

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.

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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