Westrock Coffee Company (WEST) Reports Q3 Loss, Lags Revenue Estimates

Core Insights - Westrock Coffee Company reported a quarterly loss of $0.05 per share, matching the Zacks Consensus Estimate, compared to a loss of$0.03 per share a year ago [1] - The company's revenues for the quarter ended September 2024 were $220.86 million, missing the Zacks Consensus Estimate by 11.53$219.61 million year-over-year [2] - Westrock Coffee shares have declined approximately 27.3% year-to-date, contrasting with the S&P 500's gain of 24.3% [3] Financial Performance - The company has not surpassed consensus revenue estimates in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.04 on revenues of$261.83 million, and for the current fiscal year, it is -$0.20 on revenues of$912.37 million [7] Market Outlook - The earnings outlook and management's commentary during the earnings call will be crucial for the stock's immediate price movement [3][4] - The estimate revisions trend for Westrock Coffee is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - The Beverages - Soft drinks industry, to which Westrock belongs, is currently in the top 26% of Zacks industries, suggesting a favorable industry outlook [8]