Stryve Foods, Inc. (SNAX) Reports Q3 Loss, Misses Revenue Estimates

Company Performance - Stryve Foods, Inc. reported a quarterly loss of $0.95 per share, which was better than the Zacks Consensus Estimate of a loss of $1.01, and an improvement from a loss of $1.66 per share a year ago, representing an earnings surprise of 5.94% [1] - The company posted revenues of $5.7 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 8.93%, but showing an increase from $4.18 million in the same quarter last year [2] - Over the last four quarters, Stryve Foods has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Stryve Foods shares have declined approximately 68.1% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.77 on revenues of $6.98 million, and for the current fiscal year, it is -$4.05 on revenues of $24.02 million [7] Industry Outlook - The Zacks Industry Rank for Food - Miscellaneous is currently in the bottom 43% of over 250 Zacks industries, indicating that the outlook for the industry can significantly impact stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]