Lifeway Foods Inc Down 19.35% To $10.17 After Earnings Beat

Monday, November 13, 2023 - Lifeway Foods Inc (LWAY) reported upside earnings and revenues today.

Lifeway Foods Inc's earnings came in at an EPS of $0.23 per share, 44.00% higher than estimates for an EPS of $0.16 per share. The firm's earnings are up 283% since reporting $0.06 per share in the same period a year ago.

Revenues were upbeat at $40.9 million. That is an increase of 7.23% in revenues from the year-ago report and is 3.53% higher than consensus estimates set at $39.5 million.

The stock is down 19.35% to $10.17 after the report.

Lifeway Foods Inc's earnings expanded faster than revenues, signaling widening profit margins.

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

Trading in the five days leading up to the report earned Lifeway Foods Inc a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 63. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Lifeway Foods Inc is engaged in manufacturing probiotic, cultured, functional dairy health food products. Its primary product is drinkable kefir which is a cultured dairy product. Its product categories are Drinkable Kefir which is the key revenue-driving product, European-style soft cheeses, Cream, ProBugs, Frozen Kefir and Other dairy. The company manufacture and market products under the Lifeway and Fresh Made brand names, as well as under private labels on behalf of customers. It sells the products primarily through direct sales force, brokers, and distributors.