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Barfresh Food Group Inc. Reports Q2 Loss, Lags Revenue Estimates
Barfresh Food Group Inc. (NASDAQ: BRFH) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.03, delivering a surprise of 40%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Barfresh Food Group, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $1.46 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 35.51%. This compares to year-ago revenues of $1.51 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Barfresh ...