Dean Foods Company reported first-quarter 2017 results, wherein adjusted earnings of 13 cents per share plunged 71.1% from 45 cents in the year-ago quarter. Moreover, the bottom-line results fell short of the Zacks Consensus Estimate of 17 cents.
Management continues to expect 2017 adjusted earnings to range from $1.35–$1.55 a share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has trended upward over the last 30 days. If we look at Dean Food’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average surprise of 2.1%.
Revenues: Dean Foods’ net sales advanced 6.2% year over year to $1,995.7 million, also surpassing the Zacks Consensus Estimate of $1,964 million.
Key Events: Dean Foods introduced DairyPure sour cream in March, thus enhancing DairyPure’s product line. Further, the company inked a distribution deal with flax-based milk and yogurt products manufacturer – Good Karma, last week. This investment will help Dean Foods expand operations into plant-based dairy choices, thus placing it for further growth.
Zacks Rank: Currently, Dean Foods carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Dean Foods' (DF) Q1 Earnings Miss, Revenues Top Estimates
Dean Foods Company reported first-quarter 2017 results, wherein adjusted earnings of 13 cents per share plunged 71.1% from 45 cents in the year-ago quarter. Moreover, the bottom-line results fell short of the Zacks Consensus Estimate of 17 cents.
Management continues to expect 2017 adjusted earnings to range from $1.35–$1.55 a share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has trended upward over the last 30 days. If we look at Dean Food’s performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average surprise of 2.1%.
Dean Foods Company Price and EPS Surprise
Dean Foods Company Price and EPS Surprise | Dean Foods Company Quote
Revenues: Dean Foods’ net sales advanced 6.2% year over year to $1,995.7 million, also surpassing the Zacks Consensus Estimate of $1,964 million.
Key Events: Dean Foods introduced DairyPure sour cream in March, thus enhancing DairyPure’s product line. Further, the company inked a distribution deal with flax-based milk and yogurt products manufacturer – Good Karma, last week. This investment will help Dean Foods expand operations into plant-based dairy choices, thus placing it for further growth.
Zacks Rank: Currently, Dean Foods carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth.Download this IPO Watch List today for free >>