Analysts Set Expectations for Laird Superfood, Inc.’s Q2 2024 Earnings (NYSEAMERICAN:LSF)

Laird Superfood, Inc. (NYSEAMERICAN:LSF) – Stock analysts at Roth Capital boosted their Q2 2024 earnings estimates for shares of Laird Superfood in a research note issued on Thursday, May 9th. Roth Capital analyst G. Kelly now anticipates that the company will earn ($0.10) per share for the quarter, up from their prior forecast of ($0.16). Roth Capital has a “Buy” rating on the stock. The consensus estimate for Laird Superfood’s current full-year earnings is ($0.24) per share. Roth Capital also issued estimates for Laird Superfood’s Q4 2024 earnings at $0.04 EPS and FY2024 earnings at ($0.24) EPS.

Laird Superfood (NYSEAMERICAN:LSF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.09. The business had revenue of $9.91 million during the quarter, compared to analysts’ expectations of $9.30 million. Laird Superfood had a negative return on equity of 52.42% and a negative net margin of 19.53%.

A number of other research analysts also recently issued reports on LSF. Roth Mkm upgraded shares of Laird Superfood from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $1.30 to $4.50 in a research note on Thursday. Canaccord Genuity Group lifted their target price on shares of Laird Superfood from $2.50 to $3.50 and gave the company a “buy” rating in a report on Thursday.

Laird Superfood Trading Down 2.9 %

NYSEAMERICAN:LSF opened at $2.69 on Monday. Laird Superfood has a twelve month low of $0.65 and a twelve month high of $3.48. The company has a market cap of $25.85 million, a P/E ratio of -3.54 and a beta of 1.96. The company’s 50-day moving average price is $0.95 and its 200-day moving average price is $0.94.

Insider Transactions at Laird Superfood

In other Laird Superfood news, Director Geoffrey T. Barker acquired 50,000 shares of Laird Superfood stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $2.79 per share, with a total value of $139,500.00. Following the purchase, the director now owns 179,057 shares in the company, valued at $499,569.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 56,211 shares of company stock valued at $153,381 in the last three months. 12.50% of the stock is currently owned by corporate insiders.

Laird Superfood Company Profile

Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. The company provides powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products; performance mushroom supplements; functional, organic roasted, and instant coffee, tea, hot chocolate products; harvest snacks; and other food items.