Mama's Creations, Inc. (MAMA) is about to show us what it's been cooking up. The East Rutherford, New Jersey-based company releases third-quarter earnings results after the closing bell on Monday, December 8, and Wall Street is watching closely.
The consensus outlook tells an interesting story: analysts expect Mama's Creations to post a quarterly loss of 1 cent per share, a swing from the 1-cent profit the company delivered in the same quarter last year. But here's the silver lining—revenue is projected to surge 37% to $43.21 million compared to $31.52 million a year earlier.
That's the kind of top-line growth that suggests the company is gaining traction, even if short-term profitability takes a hit. For context, Mama's Creations posted in-line earnings for the second quarter back on September 8.
Shares ticked up 0.1% to close at $11.68 on Thursday, holding relatively steady ahead of the print.
What the Smart Money Is Saying
Looking at recent ratings from analysts with proven track records, the sentiment skews decidedly positive. DA Davidson analyst Brian Holland maintained a Buy rating with an $18 price target on October 14. Holland carries a 56% accuracy rate, and that $18 target implies meaningful upside from current levels.
Meanwhile, Roth Capital analyst George Kelly—sporting a more impressive 66% accuracy rate—also maintained a Buy rating on September 9 and raised his price target from $10 to $13. That's a 30% boost in conviction, coming right after the company's second-quarter report.
Both analysts clearly see something they like in Mama's Creations' growth trajectory, even as the company navigates what appears to be an investment phase that's temporarily pressuring bottom-line results.