B&G Foods Earnings: Here’s Why Investors Don’t Like These Results

B&G Foods Inc. (NYSE:BGS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.95%.

B&G Foods Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 48.57% to $0.18 in the quarter versus EPS of $0.30 in the year-earlier quarter.

Revenue: Rose 15.8% to $173.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: B&G Foods Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company missed the mean analyst estimate of $0.39. It missed the average revenue estimate of $180.3 million.

Quoting Management: David L. Wenner, President and Chief Executive Officer of B&G Foods, stated, “Our business set company records in net sales, adjusted net income, adjusted diluted earnings per share and adjusted EBITDA for the fourth quarter and for the full year 2012 as we executed very well on the Culver Specialty Brands acquisition. Pricing gains continued to be strong and offset much of the volume weakness caused by industry trends and the effects of Hurricane Sandy. The New York Style and Old London acquisition completed in the quarter adds an exciting new element to our portfolio.”

Key Stats (on next page)…

Revenue increased 12.68% from $154.16 million in the previous quarter. EPS decreased 48.57% from $0.35 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.37 to a profit $0.38. For the current year, the average estimate has moved up from a profit of $1.4 to a profit of $1.42 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)