Goodfood Market Corp (TSX:FOOD) Q4 2024 Earnings Report Preview: What To Expect

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Nov 26, 2024

Goodfood Market Corp (TSX:FOOD, Financial) is set to release its Q4 2024 earnings on Nov 27, 2024. The consensus estimate for Q4 2024 revenue is $32.38 million, and the earnings are expected to come in at -$0.05 per share. The full year 2024's revenue is expected to be $151.17 million, and the earnings are expected to be -$0.06 per share. More detailed estimate data can be found on the Forecast page.

Goodfood Market Corp (TSX:FOOD, Financial) Estimates Trends

Revenue estimates for Goodfood Market Corp (TSX:FOOD) have remained stable at $151.17 million for the full year 2024 and $153.00 million for 2025 over the past 90 days. Earnings estimates have also remained stable at -$0.06 per share for the full year 2024 and -$0.05 per share for 2025 over the same period.

Goodfood Market Corp (TSX:FOOD, Financial) Reported History

In the previous quarter of 2024-05-31, Goodfood Market Corp's (TSX:FOOD) actual revenue was $38.56 million, which missed analysts' revenue expectations of $40.16 million by -3.97%. Goodfood Market Corp's (TSX:FOOD) actual earnings were $0.02 per share, which beat analysts' earnings expectations of -$0.04 per share by 145%. After releasing the results, Goodfood Market Corp (TSX:FOOD) was up by 3.23% in one day.

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Goodfood Market Corp (TSX:FOOD, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 1 analyst, the average target price for Goodfood Market Corp (TSX:FOOD) is $0.65, with a high estimate of $0.65 and a low estimate of $0.65. The average target implies an upside of 47.73% from the current price of $0.44.

Based on GuruFocus estimates, the estimated GF Value for Goodfood Market Corp (TSX:FOOD, Financial) in one year is $0.36, suggesting a downside of -18.18% from the current price of $0.44.

Based on the consensus recommendation from 2 brokerage firms, Goodfood Market Corp's (TSX:FOOD, Financial) average brokerage recommendation is currently 3.0, indicating a "Hold" 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.