Private label food company TreeHouse Foods (NYSE:THS) will be reporting earnings tomorrow before market hours. Here’s what you need to know.

TreeHouse Foods missed analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $854.4 million, down 1% year on year. It was a softer quarter for the company, with a significant miss of analysts’ organic revenue and gross margin estimates.

Is TreeHouse Foods a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting TreeHouse Foods’s revenue to be flat year on year at $907.3 million, improving from the 4.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.97 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TreeHouse Foods has missed Wall Street’s revenue estimates five times over the last two years.

Looking at TreeHouse Foods’s peers in the shelf-stable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Mondelez delivered year-on-year revenue growth of 3.1%, meeting analysts’ expectations, and BellRing Brands reported revenues up 23.8%, topping estimates by 1.2%. Mondelez traded up 2.4% following the results while BellRing Brands was down 4.1%.

Read our full analysis of Mondelez’s results here and BellRing Brands’s results here.

Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market has been optimistic as of late due to a soft landing. This is an economic situation where rate hikes successfully quelled inflation but did not send the economy into a recession. Furthermore, recent rate cuts and Donald Trump's triumph in the 2024 Presidential election have been tailwinds for the market, and while some of the shelf-stable food stocks have shown solid performance, the group has generally underpeformed, with share prices down 2.4% on average over the last month. TreeHouse Foods is down 2.6% during the same time and is heading into earnings with an average analyst price target of $33.67 (compared to the current share price of $32.64).

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