Darling Ingredients: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Darling Ingredients (NYSE:DAR) reported Q4 earnings with an EPS of $0.52, missing estimates by -25.0% against an expected $0.69. Revenue decreased by $154 million from the same period last year. The company's past earnings performance shows a pattern of missed EPS estimates leading to a share price drop, as seen in the previous quarter with a 2.0% decrease following a $0.36 miss on EPS.
February 27, 2024 | 9:50 pm
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NEGATIVE IMPACT
Darling Ingredients reported a significant miss in Q4 earnings with a -25.0% deviation from estimated EPS and a notable year-over-year revenue decline.
Given Darling Ingredients' history of share price decline following missed earnings estimates, as evidenced by a 2.0% drop after last quarter's miss, it's likely that this quarter's significant miss in both EPS and revenue could lead to a short-term negative impact on the stock price. The -25.0% miss on EPS and the year-over-year revenue decline are critical factors that investors will likely react to negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100