Bob Evans Farms Earnings: Here’s Why Shares are Up Now

Bob Evans Farms Inc. (NASDAQ:BOBE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.13%.

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Bob Evans Farms Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 11.25% to $0.71 in the quarter versus EPS of $0.80 in the year-earlier quarter.

Revenue: Decreased 14.42% to $353.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bob Evans Farms Inc. reported adjusted EPS income of $0.71 per share. By that measure, the company beat the mean analyst estimate of $0.64. It beat the average revenue estimate of $331.41 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 18.54% from $434.44 million in the previous quarter. EPS increased 26.79% from $0.56 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.6 to a profit $0.59. For the current year, the average estimate is a profit of $2.32, which is the same with that ninety days ago.

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

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