Sanderson Farms (SAFM) Q1 Earnings Likely To Fall: Here's Why
Zacks Investment Research | Feb 19, 2019 09:32PM ET
Sanderson Farms, Inc. (NASDAQ:SAFM) is scheduled to report first-quarter fiscal 2019 results on Feb 26, before the opening bell. In the trailing four quarters, this meat products player’s bottom line has underperformed the Zacks Consensus Estimate by average of 36%. Also, the company delivered a negative earnings surprise of 49.5% in the last reported quarter. Let’s see what awaits this quarterly release.
How are Estimates Faring?
The Zacks Consensus Estimate for the quarter under review is pegged at a loss of $1.82, against earnings of 60 cents per share reported in the year-ago quarter. Notably, the estimates improved 59 cents over the past seven days. For revenues, the consensus mark is pegged at $693.5 million, down approximately 10.2% from the year-ago quarter’s figure.
Sanderson Farms, Inc. Price and EPS Surprise
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