Darling Ingredients Q4 2023 GAAP EPS $0.52 Misses $0.67 Estimate, Sales $1.61B Miss $1.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darling Ingredients reported Q4 2023 earnings of $0.52 per share, missing the consensus estimate of $0.67. Quarterly sales were $1.61 billion, below the $1.68 billion estimate, marking an 8.71% decrease from the previous year.
February 27, 2024 | 9:46 pm
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Darling Ingredients reported lower-than-expected Q4 2023 earnings and sales, missing both EPS and revenue estimates.
Missing both earnings per share (EPS) and sales estimates typically leads to negative investor sentiment in the short term. The reported decrease in sales compared to the same period last year further compounds the negative outlook, suggesting potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100