10/10/2023 0 Comments Blue apron earnings![]() ![]() One other stock from the same industry, Conagra Brands (CAG), is yet to report results for the quarter ended February 2023. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the top 41% of the 250 plus Zacks industries. ![]() Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Blue Apron has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? ![]() ![]() The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.īlue Apron shares have lost about 9% since the beginning of the year versus the S&P 500's gain of 1.4%. The company has topped consensus revenue estimates just once over the last four quarters. This compares to year-ago revenues of $107.01 million. Over the last four quarters, the company has surpassed consensus EPS estimates two times.īlue Apron, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $106.81 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 0.99%. A quarter ago, it was expected that this meal-kit seller would post a loss of $0.55 per share when it actually produced a loss of $0.74, delivering a surprise of -34.55%. This quarterly report represents an earnings surprise of 14.04%. These figures are adjusted for non-recurring items. This compares to loss of $0.93 per share a year ago. Blue Apron APRN came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.57. ![]()
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