Benzinga | Mar 1, 2021 10:17AM EST

B&G Foods's Earnings Outlook

On Tuesday, March 02, B&G Foods (NYSE:BGS) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see B&G Foods reporting earnings of $0.45 per share on sales of $531.12 million. In the same quarter last year, B&G Foods announced EPS of $0.28 on revenue of $470.17 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 60.71%. Revenue would be up 12.96% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020EPS Estimate 0.66 0.61 0.43 0.30EPS Actual 0.74 0.71 0.46 0.28Revenue Estimate 460.35 M 498.85 M 434.83 M 466.85 MRevenue Actual 495.76 M 512.54 M 449.37 M 470.17 M

Stock Performance

Shares of B&G Foods were trading at $30.32 as of February 26. Over the last 52-week period, shares are up 86.39%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. B&G Foods is scheduled to hold the call at 16:30:00 ET and can be accessed here.