Sanderson Farms, Inc. 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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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Sanderson Farms, Inc. 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
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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