Utz Brands (UTZ) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.17 per share a year ago.
Utz Brands (UTZ) shares fell after the snack manufacturer dropped its full-year guidance.
Consumption trends slowed in the current quarter as consumer value-seeking behavior led to discounting, says CEO.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.3% in Utz Brands (UTZ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Utz Brands, Inc. (NYSE:UTZ ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Kevin Powers - SVP of IR Howard Friedman - CEO Ajay Kataria - CFO Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America Michael Lavery - Piper Sandler Rob Dickerson - Jefferies Robert Moskow - TD Cowen Matt McGinley - Needham Rupesh Parikh - Oppenheimer Mitchell Pinheiro - Sturdivant Jim Salera - Stephens John Baumgartner - Mizuho Operator Hello, and welcome to the Utz Second Quarter 2024 Earnings Call. This call is being recorded and all participants are currently in a listen-only mode.
Utz Brands (UTZ) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.13 per share a year ago.
Investors with an interest in Food - Miscellaneous stocks have likely encountered both Utz Brands (UTZ) and Celsius Holdings Inc. (CELH). But which of these two stocks offers value investors a better bang for their buck right now?