Sanderson Farms SAFM announces its next round of earnings this Thursday, August 27. Here is Benzinga's everything-that-matters guide for this Thursday's Q3 earnings announcement.
Earnings and Revenue
Sanderson Farms EPS is expected to be around $0.95, according to sell-side analysts. Sales will likely be near $936.04 million. In the same quarter last year, Sanderson Farms announced EPS of $2.41 on revenue of $945.15 million. If the company were to report in-line earnings when it publishes results Thursday, earnings would be down 60.58%. Sales would have fallen 5.1% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
|Quarter||Q2 2020||Q1 2020||Q4 2019||Q3 2019|
|Revenue Estimate||890.61 M||801.10 M||891.00 M||967.85 M|
|Revenue Actual||844.71 M||823.08 M||906.49 M||945.15 M|
Over the last 52-week period, shares are down 22.22%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Sanderson Farms is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/3xfv56im
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