Smithfield Foods Earnings: What Investors Should Watch
Smithfield Foods (NYSE:SFD) will report earnings before markets open on Friday, June 14th. Smithfield Foods, Inc. processes pork and produces hogs through its meat processing and hog production groups. The Company also produces and markets a range of branded food products such as frozen barbecues and chilies, peanuts, and pork products. Smithfield’s products are sold on a wholesale basis, through catalogs, through its retail stores, and via the Internet.
Here is your Cheat Sheet to Smithfield Foods Earnings:
Earnings Expectations: Analysts expect earnings of $0.43 per share on revenues of $3.27 billion. Currently, the company’s P/E ratio stands at 21.48.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.49 to a profit $0.45. For the current year, the average estimate is a profit of $2, which is worse than the estimate ninety days ago.
Here’s how Smithfield Foods has been performing on an annual basis:
|Revenue ($) in millions||12,488||11,203||12,203||13,094|
|Diluted EPS ($)||-1.35||-0.65||3.12||2.21|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||3,209.20||3,091.30||3,225.80||3,583.30|
|Diluted EPS ($)||0.49||0.40||0.07||0.58|
Smithfield Foods has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)