Smithfield Foods Inc reports results for the quarter ended June 30 - Earnings Summary
Smithfield Foods Inc reports results for the quarter ended June 30 - Earnings Summary
Smithfield Foods Inc SFD.OQ reported quarterly adjusted earnings of 62 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of five analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 59 cents to 61 cents per share.
Revenue fell 2.3% to $3.70 billion from a year ago; analysts expected $3.68 billion.
Smithfield Foods Inc's reported EPS for the quarter was 60 cents.
The company reported quarterly net income of $238 million.
Smithfield Foods Inc shares had risen by 0.7% this quarter and gained 9.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 7.2% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is "hold."
Wall Street's median 12-month price target for Smithfield Foods Inc is $32.00, about 23.6% above its last closing price of $24.44
This summary was machine generated from LSEG data August 11 at 01:31 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 2026 | 0.60 | 0.62 | Beat |
Mar. 31 2026 | 0.59 | 0.64 | Beat |
Dec. 31 2025 | 0.68 | 0.83 | Beat |
Sep. 30 2025 | 0.50 | 0.58 | Beat |