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Bellring Brands Inc Cl A Down 2.97% To $24.51 After Earnings Beat

Friday, August 05, 2022 02:23 PM | InvestorsObserver Analysts

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Bellring Brands Inc Cl A Down 2.97% To $24.51 After Earnings Beat

Friday, August 5, 2022 - Bellring Brands Inc Cl A (BRBR) reported upside earnings and downside revenues.

Analyst expectations for Bellring Brands Inc Cl A earnings per share (EPS) were at $0.30, with the company surpassing those estimates with a reported EPS of $0.31, leading to a positive surprise of $0.01 per share (3%). Bellring Brands Inc Cl A's earnings rose 3% year-over-year as the firm reported an EPS of $0.30 in its year-ago quarter. The positive annual growth shows the Consumer Defensive company is performing decently amid recent economic conditions.

Revenues were downbeat at $370.6 million. That is an increase of 8.17% in revenues from the year-ago report and is 4.23% lower than consensus estimates set at $387 million.

The stock is down 2.97% to $24.51 after the report.

Bellring Brands Inc Cl A's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 71. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

BellRing Brands Inc is a United States-based company engaged in providing nutrition-related products. Its brands, Premier Protein, Dymatize, and PowerBar provides various products including ready-to-drink protein shakes, powders, and nutrition bars. The company's products are distributed through a diverse network of channels including club, food, drug and mass, eCommerce, convenience and specialty.

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