The Marzetti Company reported full-year revenue of $1.9 billion, matching market forecasts. Statutory earnings per share (EPS) reached $6.98, beating expectations by 5.7%.
Analysts have since lowered statutory EPS forecasts for the upcoming year, citing potential business headwinds. The consensus price target for Marzetti dropped 8.0% to $147.
This reduction follows a soured outlook for 2027 that outweighed the company's recent earnings beat. Analysts expressed increased pessimism regarding the company's intrinsic value in light of the new guidance.