Suntory Beverage Food Set to Release Quarterly Earnings Amid Analyst Expectations

Suntory Beverage Food is set to release its quarterly earnings report on May 13, 2024, with analysts predicting a decrease in earnings per share and revenue. The report will provide insights into the company's financial performance and ability to navigate the challenging market conditions in the beverage industry.

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Bijay Laxmi
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Suntory Beverage Food Set to Release Quarterly Earnings Amid Analyst Expectations

Suntory Beverage Food Set to Release Quarterly Earnings Amid Analyst Expectations

Food is gearing up to release its quarterly earnings report on May 13, 2024, covering the period that ended on March 31, 2024. The announcement comes as analysts closely watch the company's performance and share their expectations for the upcoming results.

According to a consensus among three analysts, Suntory Beverage Food is expected to report an average earnings per share (EPS) of $0.165 for the quarter. This projection marks a decrease from the $0.180 EPS reported in the same quarter last year. On the revenue front, six analysts predict an average revenue of $2.41 billion, representing a 5.32% decrease compared to the $2.55 billion reported in the corresponding quarter of the previous year.

Why this matters: The quarterly earnings report of Suntory Beverage Food will provide valuable insights into the company's ability to navigate the challenging market conditions and shifting consumer preferences in the beverage industry. The report's outcome will also have implications for the broader industry, as it may influence investor sentiment and shape the competitive landscape.

Looking beyond the quarterly results, analysts have also shared their expectations for Suntory Beverage Food's full fiscal year performance. Ten analysts anticipate an average EPS of $0.965 for the entire fiscal year, a slight increase from the $0.950 reported in the previous year. In terms of revenue, the same group of analysts forecasts an average of $11.08 billion for the full fiscal year, down from the $11.32 billion reported in the prior year.

As Suntory Beverage Food prepares to release its quarterly earnings, the company faces the challenge of navigating a competitive market landscape. The beverage industry has been impacted by shifting consumer preferences and economic factors, which may have contributed to the projected decline in revenue for the quarter.

Investors and market analysts will be closely monitoring Suntory Beverage Food's earnings report to assess the company's financial health, growth prospects, and ability to adapt to the evolving market conditions. The company's performance and outlook will provide insights into the broader trends and dynamics within the beverage sector.

Suntory Beverage Food's upcoming earnings release on May 13 will shed light on the company's financial performance for the quarter ended March 31, 2024. With analysts forecasting a decrease in both earnings per share and revenue compared to the previous year, the report will provide a clearer picture of the challenges and opportunities facing the company in the current market environment.

Key Takeaways

  • Suntory Beverage Food to release quarterly earnings report on May 13, 2024.
  • Analysts expect EPS of $0.165, down from $0.180 in same quarter last year.
  • Revenue forecasted to be $2.41 billion, a 5.32% decrease from last year.
  • Full fiscal year EPS expected to be $0.965, with revenue of $11.08 billion.
  • Report will provide insights into company's ability to navigate market challenges.