Dean Foods Company came out with first-quarter 2018 results, wherein adjusted earnings of 14 cents per share outpaced the Zacks Consensus Estimate of 12 cents and rose by a penny from the year-ago quarter.

Management reiterated its 2018 adjusted earnings guidance in the band of 55-80 cents per share.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has trended downward over the last 30 days. If we look at Dean Foods' performance in the trailing four quarters (excluding the quarter under review), the company has underperformed the Zacks Consensus Estimate by an average surprise of 14.4%.

Revenues: Dean Foods’ net sales fell 0.8% year over year to $1,980.5 million but surpassed the Zacks Consensus Estimate of $1,838 million.

Zacks Rank: Currently, Dean Foods carries a Zacks Rank #4 (Sell), 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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