Sanderson Farms (SAFM) Beats On Q1 Earnings And Revenues
Zacks Investment Research | Feb 21, 2018 09:26PM ET
Sanderson Farms, Inc. (NASDAQ:SAFM) reported better-than-expected results for first-quarter fiscal 2018 (ended Jan 31, 2018).
Earnings/Revenues
Adjusted earnings in the reported quarter came in at $2.20 per share, outpacing the Zacks Consensus Estimate of $1.07. The bottom line also surged a massive 115.7% year over year.
Net sales in the reported quarter came in at $771.9 million, surpassing the Zacks Consensus Estimate of $767 million. Also, the top line came in 12.1% higher than the year-ago tally. The uptick stemmed from improved productivity of the company’s St. Pauls processing facility and increased demand for poultry products. Moreover, elevated market prices for bulk-leg quarters and chicken products (sold to the grocery store customers) also supported the upswing.
Sanderson Farms, Inc. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.