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J&J Snack Foods (JJSF) Reports Earnings Tomorrow: What To Expect

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Snack food company J&J Snack Foods (NASDAQ: JJSF) will be reporting results this Tuesday morning. Here’s what investors should know.

J&J Snack Foods met analysts’ revenue expectations last quarter, reporting revenues of $410.2 million, down 3.9% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates.

Is J&J Snack Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting J&J Snack Foods’s revenue to be flat year on year at $360.7 million, slowing from the 4.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.36 per share.

J&J Snack Foods Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. J&J Snack Foods has missed Wall Street’s revenue estimates four times over the last two years.

Looking at J&J Snack Foods’s peers in the shelf-stable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Simply Good Foods posted flat year-on-year revenue, beating analysts’ expectations by 1.2%, and Conagra reported a revenue decline of 6.8%, in line with consensus estimates. Simply Good Foods traded up 10.5% following the results while Conagra was down 3%.

Read our full analysis of Simply Good Foods’s results here and Conagra’s results here.

There has been positive sentiment among investors in the shelf-stable food segment, with share prices up 8.7% on average over the last month. J&J Snack Foods is up 5.7% during the same time and is heading into earnings with an average analyst price target of $112.50 (compared to the current share price of $94.95).

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