Blue Apron Holdings Inc <APRN.N>: A loss of 50 cents per share anticipated for third quarter

November 04, 2022 11:47 AM PDT | By Reuters
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4 November 2022 06:46 p.m. All figures in US dollars. Blue Apron Holdings Inc is expected to show an increase in its third quarter earnings to -50 cents​ per share according to the mean Refinitiv estimate from three analysts. Wall Street expects results to range from a loss of -55 cents to ​a loss of -47 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes one "Strong Buy", two "Buy". * The average consensus recommendation for the food processing peer group is also "Buy". FORECAST CHANGES * Four analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 7.14 percent from -47 cents. Estimates ranged from a high of -45 cents to a low of -48 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the four analysts providing estimates is $8.75. YEAR OVER YEAR * The company is expected to report a rise in revenue to $118.87 million from $109.65 million in the same quarter last year. * The current quarter consensus estimate of -50 cents per share implies a gain of 57.26 percent from the same quarter last year when the company reported $-1.17 per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jun. 30 2022 -0.55 -0.62 Missed Mar. 31 2022 -0.63 -1.17 Missed Dec. 31 2021 -0.67 -0.93 Missed Sep. 30 2021 -0.58 -1.17 Missed This summary was machine generated from Refinitiv data November 4 at 06:46 p.m..


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