Darling Ingredients Inc reports results for the quarter ended in September 30 - Earnings Summary

• 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)