Darling Ingredients Inc reports results for the quarter ended in March - Earnings Summary
26/04/2024 24:45
* Darling Ingredients Inc DAR.N reported quarterly
adjusted
earnings of 50 cents per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.14. The mean expectation of sixteen analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 23 cents to 71 cents per share.
* Revenue fell 20.7% to $1.42 billion from a year ago;
analysts
expected $1.48 billion.
* Darling Ingredients Inc's reported EPS for the quarter was
50
cents.
* The company reported quarterly net income of $81.16
million.
* Darling Ingredients Inc shares had fallen by 7.3% this
quarter and lost 13.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 53.9%
in the last three months.
* In the last 30 days, fourteen 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 $58.50
This summary was machine generated from LSEG data April 25 at
11:45 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
Mar. 31 2024 0.49 0.50 Beat
Dec. 31 2023 0.68 0.52 Missed
Sep. 30 2023 0.81 0.77 Missed
Jun. 30 2023 1.58 1.51 Missed