Darling Ingredients Q3 2024 GAAP EPS $0.11 Misses $0.48 Estimate, Sales $1.42B Miss $1.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Darling Ingredients reported Q3 2024 earnings of $0.11 per share, missing the consensus estimate of $0.48 by 77.08%. Sales were $1.42 billion, below the $1.50 billion estimate, marking a 12.55% decrease from the previous year.
October 24, 2024 | 10:37 am
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Darling Ingredients reported a significant earnings miss for Q3 2024, with EPS at $0.11 compared to the expected $0.48. Sales also fell short at $1.42 billion, down from $1.63 billion last year.
The significant miss on both EPS and sales compared to analyst estimates and the previous year's performance is likely to negatively impact Darling Ingredients' stock price in the short term. Investors may react to the 77.08% EPS miss and 12.55% sales decline.
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IMPORTANCE 90
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