Utz Brands (UTZ) Q4 Earnings Top Estimates

Core Viewpoint - Utz Brands reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of$ 0.19 per share, and showing an increase from $0.16 per share a year ago, indicating a 15.79% earnings surprise [1][2] Financial Performance - The company posted revenues of$ 341.05 million for the quarter ended December 2024, which was 1.66% below the Zacks Consensus Estimate and a decrease from $352.1 million in the same quarter last year [2] - Over the last four quarters, Utz Brands has surpassed consensus EPS estimates three times but has only topped revenue estimates once [2] Stock Performance - Utz Brands shares have declined approximately 14% since the beginning of the year, contrasting with a 4.5% gain in the S&P 500 [3] - The current Zacks Rank for Utz Brands is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.16 on revenues of $349.3 million, and for the current fiscal year, it is$ 0.82 on revenues of $1.45 billion [7] - The trend of estimate revisions for Utz Brands has been unfavorable leading up to the earnings release [6] Industry Context - The Food - Miscellaneous industry, to which Utz Brands belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]