Skip to main content

Mccormick & Company(MKC-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Earnings To Watch: Post (POST) Reports Q1 Results Tomorrow

StockStory - Wed May 1, 2:07AM CDT

POST Cover Image

Packaged foods company Post (NYSE:POST) will be reporting results tomorrow after market close. Here's what to expect.

Post beat analysts' revenue expectations by 2.4% last quarter, reporting revenues of $1.97 billion, up 25.5% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.

Is Post a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Post's revenue to grow 25.3% year on year to $2.03 billion, improving from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.29 per share.

Post Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Post has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.7% on average.

Looking at Post's peers in the shelf-stable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. McCormick delivered year-on-year revenue growth of 2.4%, beating analysts' expectations by 3.3%, and Simply Good Foods reported revenues up 5.3%, falling short of estimates by 1.3%. McCormick traded up 8.8% following the results while Simply Good Foods was down 1.2%.

Read our full analysis of McCormick's results here and Simply Good Foods's results here.

Inflation fears have put pressure on growth stocks, and while some of the shelf-stable food stocks have fared somewhat better, they have not been spared, with share prices down 3.6% on average over the last month. Post is up 1.4% during the same time and is heading into earnings with an average analyst price target of $115.3 (compared to the current share price of $106.15).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

More from The Globe