Dean Foods Earnings: Top Estimates with a Swing Up

S&P 500 (NYSE:SPY) component Dean Foods Company (NYSE:DF) reported its results for the third quarter. Dean Foods is a food and beverage company in the United States offering dairy and frozen food products.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

Dean Foods Company Earnings Cheat Sheet

Results: Reported a profit of $36.4 million (20 cents per diluted share) in the quarter. Dean Foods Company had a net loss of $1.54 billion or a loss $8.39 per share in the year-earlier quarter.

Revenue: Fell 9.1% to $3.1 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dean Foods Company reported adjusted net income of 33 cents per share. By that measure, the company beat the mean estimate of 28 cents per share. Analysts were expecting revenue of $3.11 billion.

Key Stats:

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 5 cents in the second quarter, by 10 cents in the first quarter, and by 4 cents in the fourth quarter of the last fiscal year.

Revenue has dropped in the past two quarters. In the second quarter, revenue declined 5.3% to $3.13 billion from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 30 cents a share to 27 cents over the last sixty days. At $1.22 per share, the average estimate for the fiscal year has fallen from $1.24 ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

These Stocks Were Bullet Proof from the Election Sell-Off

Is Apple Ripe for Buying Now?

Is Gold Set to Benefit from Obama’s Re-Election?