Benzinga
30 Jun 2026, 09:24 UTC · 1h ago
Top Wall Street Forecasters Revamp Simply Good Foods Expectations Ahead Of Q3 Earnings
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Benzinga
30 Jun 2026, 09:24 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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3 claims · each scored for market impact
Simply Good Foods (SMPL) is expected to report a year-over-year decline in both quarterly earnings (36 cents vs 51 cents per share) and revenue ($332.52 million vs $380.96 million). — Forecasted declines in both top and bottom-line growth typically trigger negative price action or lower valuation multiples.
-0.60Major analysts from Bernstein, UBS, Deutsche Bank, and Morgan Stanley have recently downgraded the stock or significantly slashed price targets. — Consistent price target reductions from multiple bulge-bracket firms signal a lack of confidence in the company's near-term valuation.
-0.50The company previously cut its FY26 guidance below estimates following mixed second-quarter results on April 9. — A previous guidance cut suggests systemic operational or demand headwinds that may persist into the upcoming Q3 report.
-0.40Which stocks this story touches
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The company faced a downgrade from Outperform to Market Perform and multiple price target cuts from several analysts.
Analysts expect lower earnings and revenue compared to the previous year, following a previous guidance cut.
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