* Darling Ingredients Inc 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
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