Recap: Sanderson Farms Q3 Earnings

Shares of Sanderson Farms SAFM were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 38.59% year over year to $1.48, which beat the estimate of $0.95.

Revenue of $956,455,000 higher by 1.20% year over year, which beat the estimate of $936,040,000.

Guidance

Sanderson Farms hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 27, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3xfv56im

Technicals

Company's 52-week high was at $179.45

52-week low: $102.13

Price action over last quarter: down 12.12%

Company Description

Sanderson Farms is the third- largest dressed-chicken processor in the United States, producing and selling a variety of fresh, frozen, and value-added chicken products to grocers, food-service operators, and distributors. Most revenue is generated in the Southeastern, Southwestern, Northeastern, and Western United States, with 85%-95% of sales made to domestic customers in recent years. The company's product portfolio consists of tray pack and large birds, catering to grocery and food-service customers.