SMPL - Simply Good Foods Stock: Valuation Is Attractive Ahead Of Q3 Earnings
2024-06-25 08:02:07 ET
Summary
- Simply Good Foods is going to report Q3 results with expected revenue growth of 3.4% and an adjusted EPS of $0.47, seeming fair in light of the updated guidance.
- The recent acquisition of OWYN for $280 million seems great, as it drives SMPL's future growth with a complementary offering and fairly attractive valuation.
- SMPL stock's valuation is starting to get more attractive with the acquisition and stagnant stock price.
The Simply Good Foods Company ( SMPL ), the nutritional snack and meal replacement seller, is going to report its Q3 results on Thursday, 27 th of June in the pre-market. In 2024 so far, the company has, I previously wrote an article on the company, published on the 1 st of January in 2024 with the title “ Simply Good Foods: Attractive Company, Tight Valuation ”. I initiated the stock at a Hold rating as the company’s attractive growth and earnings profile were overshadowed by a high valuation. Since, Simply Good Foods’ stock has returned a negative -6% compared to S&P 500’s return of 15%....
Simply Good Foods Stock: Valuation Is Attractive Ahead Of Q3 Earnings