HKFoods PLC (OHEL:HKFOODS) Q3 2024 Earnings Report Preview: What to Expect

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Nov 05, 2024

HKFoods PLC (OHEL:HKFOODS, Financial) is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is $293 million, and the earnings are expected to come in at $0.03 per share. The full year 2024's revenue is expected to be $1.17 billion and the earnings are expected to be -$0.01 per share. More detailed estimate data can be found on the Forecast page.

HKFoods PLC (OHEL:HKFOODS, Financial) Estimates Trends

Over the past 90 days, revenue estimates for HKFoods PLC (OHEL:HKFOODS) have declined from $1.18 billion to $1.17 billion for the full year 2024, and from $1.21 billion to $1.20 billion for 2025. Earnings estimates have decreased from $0.02 per share to -$0.01 per share for the full year 2024 and remained flat at $0.07 per share for 2025.

HKFoods PLC (OHEL:HKFOODS, Financial) Reported History

In the previous quarter of March 31, 2024, HKFoods PLC's (OHEL:HKFOODS) actual revenue was $228.70 million, which missed analysts' revenue expectations of $284 million by -19.47%. HKFoods PLC's (OHEL:HKFOODS) actual earnings were -$0.28 per share, which missed analysts' earnings expectations of -$0.05 per share by -460%. After releasing the results, HKFoods PLC (OHEL:HKFOODS) was down by -0.82% in one day.

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HKFoods PLC (OHEL:HKFOODS, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 1 analyst, the average target price for HKFoods PLC (OHEL:HKFOODS) is $0.70 with a high estimate of $0.70 and a low estimate of $0.70. The average target implies a downside of -25.37% from the current price of $0.94.

Based on GuruFocus estimates, the estimated GF Value for HKFoods PLC (OHEL:HKFOODS, Financial) in one year is $1.14, suggesting an upside of 21.54% from the current price of $0.94.

Based on the consensus recommendation from 1 brokerage firm, HKFoods PLC's (OHEL:HKFOODS, Financial) average brokerage recommendation is currently 4.0, indicating an "Underperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.