J&J Snack Foods (NASDAQ:JJSF) is set to release its earnings this Tuesday. Investors are eager to see how the company will perform amidst changing market conditions.
Last quarter, J&J Snack Foods met revenue expectations with $410.2 million. This marked a slight dip of 3.9% compared to the previous year. Despite the drop, the company exceeded analysts’ predictions for both EBITDA and EPS, showcasing a solid quarter overall.
This time around, analysts expect J&J Snack Foods to report flat revenue of about $360.7 million, similar to the same quarter last year. Expected adjusted earnings are around $0.36 per share.
Interestingly, J&J Snack Foods has missed Wall Street’s revenue estimates four times in the past two years. Analysts, however, have maintained their revenue estimates over the past month, indicating a belief that the company will remain stable.
Looking at competitors in the shelf-stable food sector, Simply Good Foods recently reported steady revenues, outperforming analysts’ expectations. On the other hand, Conagra saw a revenue decline of 6.8%, aligning with forecasts. These results may give clues to what J&J Snack Foods could experience.
Investor sentiment in the food sector appears strong, with share prices rising an average of 8.7% recently. J&J Snack Foods’ stock also climbed 5.7% in that timeframe. Currently, the average analyst price target stands at $112.50, while the share price is around $94.95, suggesting potential growth ahead.
This financial context is crucial, especially considering how the pandemic has shifted consumer eating habits. A recent survey noted that 28% of consumers prefer convenient snack options, which bodes well for companies like J&J Snack Foods. As the market evolves, the focus remains on their strategic responses to these consumer trends.
For more insights on J&J Snack Foods and its competitors, check out recent reports from [MarketWatch](https://www.marketwatch.com) and [Bloomberg](https://www.bloomberg.com).
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