Dean Foods Company (DF - Free Report) reported fourth-quarter 2017 results, wherein adjusted earnings from continuing operations of 25 cents per share missed the Zacks Consensus Estimate by a penny and also plunged 34.2% from 38 cents in the year-ago quarter.
Management expects 2018 adjusted earnings in the band of 55-80 cents per share. The Zacks Consensus Estimate is currently pegged at 86 cents for 2018.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has remained stable in the last 30 days. Further, if we look at Dean Foods' performance in the trailing four quarters (excluding the quarter under review), the company’s earnings have underperformed the Zacks Consensus Estimate by an average of 15.2%.
Revenues: Dean Foods’ net sales fell 4.1% year over year to $1,935 million, also falling short of the Zacks Consensus Estimate of $1,950 million.
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.
Stock Movement: Dean Foods shares fell 11% during pre-market trading hours following the quarterly results.
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