SOVOS BRANDS INC (SOVO) Forecast, Price Target & Analyst Ratings

NASDAQ:SOVO • US84612U1079

Current stock price

22.98 USD
+0.03 (+0.13%)
At close:
23 USD
+0.02 (+0.09%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for SOVOS BRANDS INC (SOVO).

Forecast Snapshot

Consensus Price Target

Price Target
$23.23
+ 1.10% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 8, 2024
Period
Q1 / 2024
EPS Estimate
$0.24
Revenue Estimate
299.82M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
72.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$23.23
Upside
+ 1.10%
From current price of $22.98 to mean target of $23.23, Based on 15 analyst forecasts
Low
$21.21
Median
$23.46
High
$25.20

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

15 Wall Street analysts provided a forecast for the next 12 months for SOVO. The average price target is 23.23 USD. This implies a price increase of 1.1% is expected in the next year compared to the current price of 22.98.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

SOVO Current Analyst RatingSOVO Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

SOVO Historical Analyst RatingsSOVO Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
72.00%
SOVO was analyzed by 15 analysts. The buy percentage consensus is at 72. So analysts seem to be have mildly positive about SOVO.
In the previous month the buy percentage consensus was at a similar level.
SOVO was analyzed by 15 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-02-23Telsey Advisory GroupReiterate Market Perform -> Market Perform
2023-11-06Telsey Advisory GroupReiterate Outperform -> Outperform
2023-08-09Piper SandlerDowngrade Overweight -> Neutral
2023-08-08William BlairDowngrade Outperform -> Market Perform
2023-08-08Stephens & Co.Downgrade Overweight -> Equal-Weight
2023-08-08StifelDowngrade Buy -> Hold
2023-08-08Telsey Advisory GroupDowngrade Outperform -> Market Perform
2023-08-08JP MorganDowngrade Overweight -> Neutral
2023-08-07NeedhamDowngrade Buy -> Hold
2023-08-07Telsey Advisory GroupReiterate Outperform -> Outperform
2023-07-18NeedhamReiterate Buy -> Buy
2023-06-23Stephens & Co.Initiate Overweight
2023-05-31NeedhamInitiate Buy
2023-05-12BarclaysMaintains Overweight -> Overweight
2023-05-11StifelMaintains Buy -> Buy
2023-05-11Loop CapitalMaintains Buy -> Buy
2023-05-11Telsey Advisory GroupMaintains Outperform
2023-05-04Telsey Advisory GroupMaintains Outperform
2023-04-14StifelReiterate Buy
2023-04-14BarclaysMaintains Overweight
2023-03-09Telsey Advisory GroupMaintains Outperform
2023-03-09Piper SandlerMaintains Overweight
2023-03-07Telsey Advisory GroupReiterate Outperform
2022-12-08UBSDowngrade Buy -> Neutral
2021-11-10Telsey Advisory GroupMaintains Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 8, 2024
Period
Q1 / 2024
EPS Estimate
$0.24
Revenue Estimate
299.82M
Revenue Q2Q
18.60%
EPS Q2Q
34.38%
Number of Analysts
9

Next Earnings Revisions

Revenue (1 Month)
5.47%
Revenue (3 Months)
6.67%
EPS (1 Month)
19.57%
EPS (3 Months)
19.57%

Next Earnings Summary

SOVO is expected to report earnings on 5/8/2024. The consensus EPS estimate for the next earnings is 0.24 USD and the consensus revenue estimate is 299.82M USD.
The next earnings revenue estimate has been revised upward by 6.67% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2024 - 2025

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025
Revenue
YoY % growth
SOVO revenue by date.SOVO revenue by date.
719.2M
28.41%		878.4M
22.14%		1.02B
16.17%		1.145B
12.21%		1.275B
11.35%
EBITDA
YoY % growth
SOVO ebitda by date.SOVO ebitda by date.
95.01M
17.73%		93.67M
-1.41%		114.513M
22.25%		180.49M
57.62%		205.55M
13.88%
EBIT
YoY % growth
SOVO ebit by date.SOVO ebit by date.
57.2M
21.96%		54.8M
-4.20%		80.562M
47.01%		166.97M
107.26%		182.34M
9.21%
Operating Margin
SOVO operating margin by date.SOVO operating margin by date.
7.95%6.24%7.89%14.58%14.30%
EPS
YoY % growth
SOVO eps by date.SOVO eps by date.
N/A0.60
-2.03%		0.81
35.00%		0.96
18.53%		1.16
21.29%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.24
34.38%		0.22
27.72%		0.23
15.84%		0.28
9.19%		0.25
3.31%		0.26
17.45%		0.25
7.86%		0.28
-1.20%
Revenue
Q2Q % growth		299.82M
18.60%		256.23M
17.75%		289.25M
12.16%		320.4M
9.71%		303.5M
1.23%		274.07M
6.96%		304.52M
5.28%		318.14M
-0.71%
EBITDA
Q2Q % growth		44.864M
49.20%		41.469M
15.42%		43.622M
16.39%		50.286M
-21.48%		46.206M
2.99%		45.084M
8.72%		49.062M
12.47%		48.858M
-2.84%
EBIT
Q2Q % growth		40.334M
86.73%		36.908M
95.28%		38.697M
222.47%		45.101M
49.88%		44.064M
9.25%		44.472M
20.49%		43.86M
13.34%		48.858M
8.33%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

SOVO Yearly Revenue VS EstimatesSOVO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
SOVO Yearly EPS VS EstimatesSOVO Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

SOVOS BRANDS INC / SOVO Forecast FAQ

What do analysts expect the price target to be for SOVOS BRANDS INC (SOVO)?

15 analysts have analysed SOVO and the average price target is 23.23 USD. This implies a price increase of 1.1% is expected in the next year compared to the current price of 22.98.

When does SOVOS BRANDS INC (SOVO) report earnings?

SOVOS BRANDS INC (SOVO) will report earnings on 2024-05-08, after the market close.

Can you provide the consensus estimates for SOVOS BRANDS INC next earnings?

The consensus EPS estimate for the next earnings of SOVOS BRANDS INC (SOVO) is 0.24 USD and the consensus revenue estimate is 299.82M USD.

How do analysts rate SOVOS BRANDS INC (SOVO)?

The consensus rating for SOVOS BRANDS INC (SOVO) is 72 / 100 . This indicates that analysts generally have a positive outlook on the stock.