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Bull of the Day

Smithfield Food (SFD)

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By: Zacks Equity Research
December 20, 2011 | Comment(s): 0
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SFD
Smithfield Food (SFD - Analyst Report) has delivered strong second quarter 2012 earnings of $0.76 per share, surpassing the Zacks Consensus Estimate by $0.07. The result was driven by strong fresh pork earnings and robust exports despite higher raw material costs.

Further, management has undertaken restructuring initiatives in an effort to save costs and boost profitability, which augur well for future operating performance. The company's vertical integration and product mix also help increase margins.

Though rising raw material costs will continue to challenge Smithfield in future, the company is attempting to continue its fresh pork and hog production businesses and expand its packaged meats business through stronger branding and innovation.

Smithfield Food (SFD) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on SFD

 

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