Westrock Coffee Second Quarter 2024 Earnings: Misses Expectations
Westrock Coffee (NASDAQ:WEST) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$208.4m (down 7.3% from 2Q 2023).
- Net loss: US$17.8m (loss narrowed by 22% from 2Q 2023).
- US$0.20 loss per share (improved from US$0.30 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Westrock Coffee Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company’s shares are down 3.0% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Westrock Coffee that you need to take into consideration.
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Discover if Westrock Coffee might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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