Mama's Creations, Inc. (MAMA) Misses Q3 Earnings Estimates

Core Viewpoint - Mama's Creations, Inc. reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share, representing a 75% earnings surprise [1] - The company posted revenues of $31.52 million for the quarter ended October 2024, exceeding the Zacks Consensus Estimate by 3.69% and showing an increase from $28.65 million year-over-year [2] Group 1: Earnings Performance - The earnings for the same quarter last year were $0.05 per share, indicating a decline in earnings year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] - The current consensus EPS estimate for the upcoming quarter is $0.06, with revenues expected to be $32.1 million [7] Group 2: Revenue Performance - Mama's Creations, Inc. has topped consensus revenue estimates four times over the last four quarters [2] - The company has shown significant revenue growth compared to the previous year, with a revenue increase from $28.65 million to $31.52 million [2] Group 3: Stock Performance and Outlook - Shares of Mama's Creations, Inc. have increased by approximately 92.9% since the beginning of the year, outperforming the S&P 500's gain of 26.9% [3] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [6] - The outlook for the industry, specifically the Food - Miscellaneous sector, is favorable, ranking in the top 33% of over 250 Zacks industries [8]