Dean Foods Earnings: Here’s Why Investors are Buying Shares Now
Dean Foods Co. (NYSE:DF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.37%.
Dean Foods Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 6.45% to $0.29 in the quarter versus EPS of $0.31 in the year-earlier quarter.
Revenue: Decreased 10.43% to $2.88 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dean Foods Co. reported adjusted EPS income of $0.29 per share. By that measure, the company beat the mean analyst estimate of $0.27. It missed the average revenue estimate of $2.98 billion.
Quoting Management: “Our continued focus on the fundamentals of cost, volume and price delivered a solid start to the year in the first quarter,” said Gregg Tanner, Chief Executive Officer of Dean Foods. “The narrowed focus on the key drivers of the business, coupled with our Company-wide ‘say what you’ll do and do what you say’ attitude, have helped deliver nine consecutive quarters of results at or above our guidance.”
Key Stats (on next page)…