BRC (BRCC) Set to Announce Quarterly Earnings on Wednesday

BRC (NYSE:BRCC) is scheduled to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. BRC has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

BRC (NYSE:BRCC) last posted its earnings results on Wednesday, May 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $98.39 million for the quarter, compared to the consensus estimate of $97.78 million. BRC had a positive return on equity of 14.15% and a negative net margin of 2.78%. On average, analysts expect BRC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRC Stock Down 8.6 %

BRCC opened at $5.08 on Tuesday. BRC has a one year low of $2.51 and a one year high of $7.14. The business’s fifty day moving average is $5.94 and its two-hundred day moving average is $4.94. The company has a current ratio of 1.07, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Tigress Financial reissued a “buy” rating and issued a $11.00 price target on shares of BRC in a report on Wednesday, May 22nd. Needham & Company LLC restated a “hold” rating on shares of BRC in a research note on Thursday, May 16th. Telsey Advisory Group restated an “outperform” rating and set a $8.00 price target on shares of BRC in a research note on Wednesday, July 10th. Finally, Roth Mkm restated a “buy” rating and set a $7.00 price target (up from $6.00) on shares of BRC in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

About BRC

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.