Sustainable ingredients producer Darling Ingredients (NYSE: DAR) will be announcing earnings results this Thursday morning. Here’s what investors should know.
Darling Ingredients beat analysts’ revenue expectations last quarter, reporting revenues of $1.71 billion, up 20.6% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.
Is Darling Ingredients a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Darling Ingredients’s revenue to grow 12.1% year on year, a reversal from the 2.8% decrease it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have mixed opinions about the business, with revenue estimates seeing both upward and downward revisions over the last 30 days. Darling Ingredients has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Darling Ingredients’s peers in the consumer staples segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cal-Maine’s revenues decreased 53% year on year, beating analysts’ expectations by 3.8%, and Lamb Weston reported revenues up 2.9%, topping estimates by 5.2%. Cal-Maine traded down 1.3% following the results while Lamb Weston was also down 6.9%.
Read our full analysis of Cal-Maine’s results here and Lamb Weston’s results here.
There has been positive sentiment among investors in the consumer staples segment, with share prices up 4% on average over the last month. Darling Ingredients is up 1.8% during the same time and is heading into earnings with an average analyst price target of $72.17 (compared to the current share price of $61.44).
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