Dean Foods Company reported third-quarter 2017 results, wherein adjusted earnings of 20 cents per share came in line with the Zacks Consensus Estimate but plunged 45.9% from 37 cents in the year-ago quarter.
Management expects 2017 adjusted earnings in the band of 80-90 cents per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has trended downward over the last seven 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 15.2%.
Revenues: Dean Foods’ net sales fell 1.4% year over year to $1,937.6 million, also falling short of the Zacks Consensus Estimate of $1,973 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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Dean Foods' (DF) Q3 Earnings In Line, Revenues Lag Estimates
Dean Foods Company reported third-quarter 2017 results, wherein adjusted earnings of 20 cents per share came in line with the Zacks Consensus Estimate but plunged 45.9% from 37 cents in the year-ago quarter.
Management expects 2017 adjusted earnings in the band of 80-90 cents per share.
Dean Foods Company Price, Consensus and EPS Surprise
Dean Foods Company Price, Consensus and EPS Surprise | Dean Foods Company Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 has trended downward over the last seven 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 15.2%.
Revenues: Dean Foods’ net sales fell 1.4% year over year to $1,937.6 million, also falling short of the Zacks Consensus Estimate of $1,973 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.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>