Smithfield Foods Fourth Quarter Earnings Sneak Peek

Smithfield Foods, Inc. (NYSE:SFD) will unveil its latest earnings on Thursday, June 14, 2012. Smithfield Foods is a hog producer and pork processor that produces and markets a number of fresh meat and packaged meats products both domestically and internationally.

Smithfield Foods, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 54 cents per share, a decline of 36.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 60 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 55 cents during the last month. Analysts are projecting profit to rise by 9.2% compared to last year’s $2.67.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 69 cents a share versus the estimate of profit of 67 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $3.27 billion in revenue this quarter, a rise of 4.8% from the year-ago quarter. Analysts are forecasting total revenue of $13.11 billion for the year, a rise of 7.5% from last year’s revenue of $12.2 billion.

Analyst Ratings: Analysts are high on the stock, with seven analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit fell 61% to $79 million (49 cents a share) from $202.6 million ($1.21 a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.2% to $3.48 billion from $3.19 billion.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 6.6% in the first quarter and 10.5% in the second quarter before climbing again in the third quarter.

Stock Price Performance: Between March 14, 2012 and June 8, 2012, the stock price fell $3.34 (-14.7%), from $22.70 to $19.36. The stock price saw one of its best stretches over the last year between January 19, 2012 and January 25, 2012, when shares rose for five straight days, increasing 3.1% (+71 cents) over that span. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 7.8% (-$1.74) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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