Overview
Darling Ingredients Q3 net sales of $1.6 bln beat analyst expectations
Net income for Q3 rises to $19.4 mln, up from $16.9 mln last year
Company agrees to sell $125 mln in production tax credits in Q4
Outlook
Darling Ingredients estimates 2025 core ingredients Adjusted EBITDA at $875-900 mln
Company plans to sell additional $125-175 mln in production tax credits by year-end
Result Drivers
CORE INGREDIENTS MOMENTUM - Co attributes growth to strong fundamentals across all segments of its core ingredients business
DGD IMPACT - Earnings from Diamond Green Diesel negatively affected by production tax credits
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.6 bln
$1.51 bln (8 Analysts)
Q3 EPS
$0.12
Q3 Net Income attributable to Darling
$19.4 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Darling Ingredients Inc is $45.00, about 32.1% above its October 21 closing price of $30.56
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nBw5j5cyca
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
