Darling Ingredients Inc reports results for the quarter ended in December - Earnings Summary

Darling Ingredients

28/02/2024 24:21

* Darling Ingredients Inc  DAR.N  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 96 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 66 cents
per share. Wall Street expected results to range from 40 cents
to $1.02 per share.
    * Revenue fell 8.7% to $1.61 billion from a year ago;
analysts
expected $1.69 billion. 
    * Darling Ingredients Inc's reported EPS for the quarter was
52
cents​.
    * The company reported quarterly net income of $84.52
million.
    * Darling Ingredients Inc shares had fallen by 14.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Darling
Ingredients Inc is $70.00 
This summary was machine generated from LSEG data February 28 at
12:20 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.66           0.52           Missed
 Sep. 30 2023      0.81           0.77           Missed
 Jun. 30 2023      1.58           1.51           Missed
 Mar. 31 2023      1.00           1.14           Beat