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

• Darling Ingredients Inc DAR reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of twelve analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from -6 cents to 81 cents per share.

• Revenue rose 1.8% to $1.48 billion from a year ago; analysts expected $1.48 billion.

• Darling Ingredients Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $12.66 million.

• Darling Ingredients Inc shares had fallen by 2.8% this quarter and gained 9.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 43.6% in the last three months.​

• In the last 30 days, six 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," 1 "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 $46.50, about 20.7% above its last closing price of $36.86

This summary was machine generated from LSEG data July 24 at 01:33 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)