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SunOpta (STKL) Matches Q3 Earnings Estimates
STKLSunOpta (STKL) ZACKS·2024-11-06 00:15

Financial Performance - SunOpta reported quarterly earnings of 0.02pershare,matchingtheZacksConsensusEstimate,comparedtobreak−evenearningspershareayearago[1]−Thecompanypostedrevenuesof0.02 per share, matching the Zacks Consensus Estimate, compared to break-even earnings per share a year ago [1] - The company posted revenues of 176.22 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.27% and up from 152.54millionyear−over−year[2]−SunOptahassurpassedconsensusEPSestimatestwotimesandrevenueestimatesfourtimesoverthelastfourquarters[1][2]StockPerformance−SunOptashareshaveincreasedapproximately23.4152.54 million year-over-year [2] - SunOpta has surpassed consensus EPS estimates two times and revenue estimates four times over the last four quarters [1][2] Stock Performance - SunOpta shares have increased approximately 23.4% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is 0.05 on revenues of 193.9million,andforthecurrentfiscalyear,itis193.9 million, and for the current fiscal year, it is 0.14 on revenues of $720 million [7] - The outlook for the Food - Miscellaneous industry, where SunOpta operates, is currently in the bottom 45% of over 250 Zacks industries, which may impact stock performance [8]