|Bid||39.51 x 1800|
|Ask||40.57 x 800|
|Day's Range||39.94 - 41.13|
|52 Week Range||33.50 - 53.98|
|Beta (5Y Monthly)||0.63|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TreeHouse Foods' (THS) Q3 results gain from a sudden rise in demand amid the pandemic, offsetting the softness in the food-away-from-home unit. Also, it revised 2020 view.
TreeHouse (THS) delivered earnings and revenue surprises of 16.39% and -1.90%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Treehouse Foods (NYSE:THS) moved higher by 0.1% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share increased 29.09% year over year to $0.71, which beat the estimate of $0.61.Revenue of $1,046,000,000 declined by 1.04% year over year, which missed the estimate of $1,060,000,000.Outlook Earnings guidance hasn't been issued by the company for now.Treehouse Foods hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Nov 05, 2020View more earnings on THSTime: 08:30 AMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.treehousefoods.com%2F&eventid=2628338&sessionid=1&key=CB23B84FD26A16244D794BEDD678CD0E®Tag=&sourcepage=registerRecent Stock Performance Company's 52-week high was at $55.8452-week low: $33.50Price action over last quarter: down 10.73%Company Profile Treehouse Foods, the largest private label manufacturer in the U.S., is the product of a slew of acquisitions, the most significant being the 2016 acquisition of Ralcorp, Conagra's former private brands business. The firm plays in over 25 categories, including snacks like pretzels and cookies, meals like pasta and dry dinners, and single-serve beverages like pods and ready-to-drink coffee. Retailers represent its most significant end-market, where it sells products for resale under retailer brands, but it also serves foodservice customers (providing a similar service as its retail business), industrial (selling bulk food for repackaging and repurposing), and branded consumer goods firms (under co-packing arrangements). Over 90% of its revenue comes from the U.S.See more from Benzinga * Click here for options trades from Benzinga * Agios Pharmaceuticals: Q3 Earnings Insights * Recap: Bristol-Myers Squibb Q3 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.