Greggs (GGGSF) Expected to Post Quarterly Earnings on Tuesday

Greggs (OTCMKTS:GGGSF) is anticipated to post its resultson Tuesday, August 4th. Analysts expect the company to post earnings of $0.6690 per share and revenue of $1.4515 billion for the quarter.

Greggs Price Performance

GGGSF opened at $25.41 on Monday. Greggs has a 12 month low of $18.82 and a 12 month high of $27.00. The company has a 50 day moving average of $21.83 and a 200 day moving average of $21.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank Of Canada downgraded Greggs from an “outperform” rating to a “sector perform” rating in a research report on Friday. BNP Paribas Exane began coverage on Greggs in a research note on Monday, April 27th. They set an “underperform” rating on the stock. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Greggs has a consensus rating of “Reduce”.

Greggs Company Profile

Greggs plc, trading on the OTC Markets under the symbol GGGSF, is a leading UK-based bakery chain specializing in freshly prepared food and beverage offerings. Established in 1939, the company has grown from a single bakery in Newcastle upon Tyne into one of Britain’s most recognized high-street brands. Greggs operates a network of more than 2,000 retail outlets, including stand-alone shops, in-store concessions, and kiosks situated in transport hubs and convenience locations across England, Scotland and Wales.

The company’s core product range centers on bakery items such as its iconic sausage rolls, pastries, and sweet treats, complemented by a selection of sandwiches, salads and hot and cold beverages.