Darling Ingredients Inc reports results for the quarter ended in September 30 - Earnings Summary
24/10/2024 17:06
* Darling Ingredients Inc DAR.N reported quarterly
adjusted
earnings of 11 cents per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 77 cents. The mean expectation of
thirteen analysts for the quarter was for earnings of 40 cents
per share. Wall Street expected results to range from 20 cents
to 70 cents per share.
* Revenue fell 12.5% to $1.42 billion from a year ago;
analysts
expected $1.48 billion.
* Darling Ingredients Inc's reported EPS for the quarter was
11
cents.
* The company reported quarterly net income of $16.95
million.
* Darling Ingredients Inc shares had risen by 2.9% this
quarter and lost 23.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 38.6%
in the last three months.
* In the last 30 days, nine analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 $51.50
This summary was machine generated from LSEG data October 24 at
04:06 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
Sep. 30 2024 0.40 0.11 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