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

Darling Ingredients

25/07/2024 13:19

* Darling Ingredients Inc  DAR.N  reported quarterly
adjusted
earnings of 49 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.51.  The mean expectation of fourteen analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 22 cents to 93 cents per share.
    * Revenue fell 17.2% to $1.46 billion from a year ago;
analysts
expected $1.46 billion. 
    * Darling Ingredients Inc's reported EPS for the quarter was
49
cents​.
    * The company reported quarterly net income of $78.87
million.
    * Darling Ingredients Inc shares had risen by 0.4% this
quarter and lost 26.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.5%
in the last three months.​ 
    * In the last 30 days, eight 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," 2
"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 $58.50 
This summary was machine generated from LSEG data July 25 at
12:19 p.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
 Jun. 30 2024      0.45           0.49           Beat
 Mar. 31 2024      0.49           0.50           Beat
 Dec. 31 2023      0.68           0.52           Missed
 Sep. 30 2023      0.81           0.77           Missed