Smithfield Foods Inc reports results for the quarter ended June 30 - Earnings Summary

• Smithfield Foods Inc SFD.OQ reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended June 30. The mean expectation of five analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 49 cents to 59 cents per share.

• Revenue was $3.79 billion​; analysts expected $3.62 billion.

• Smithfield Foods Inc's reported EPS for the quarter was 48 cents​.

• The company reported quarterly net income of $188 million.

• Smithfield Foods Inc shares had risen by 7.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "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 $29.00, about 13.2% above its last closing price of $25.17

This summary was machine generated from LSEG data August 12 at 01:30 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)