Turning Point Brands Inc reports results for the quarter ended in March - Earnings Summary

• Turning Point Brands Inc TPB reported quarterly adjusted earnings of 80 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of two analysts for the quarter was for earnings of 67 cents per share.

• Revenue fell 3.9% to $97.06 million from a year ago; analysts expected $90.66 million.

• Turning Point Brands Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $12.01 million.

• Turning Point Brands Inc shares had risen by 11.2% this quarter and gained 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Turning Point Brands Inc is $42.50

This summary was machine generated from LSEG data May 3 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)