Smithfield Foods Inc reports results for the quarter ended March 31 - Earnings Summary

• Smithfield Foods Inc SFD.OQ reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended March 31. The mean expectation of six analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 42 cents to 54 cents per share.

• Revenue was $3.77 billion​; analysts expected $3.59 billion.

• Smithfield Foods Inc's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $224 million.

• Smithfield Foods Inc shares had fallen by 2.4% this quarter.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Smithfield Foods Inc is $28.00

This summary was machine generated from LSEG data April 29 at 05:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)