Earnings Preview: Smithfield Foods Reports Results Thursday

Sep. 6.11 | About: Smithfield Foods (SFD)

Smithfield Foods Inc. (NYSE:SFD) is due to report earnings before the opening bell on Thursday, September 8, 2011.

Overview

SFD trades an average of 2.4 million shares per day..

52 Week High: $24.93
52 Week Low: $14.82
Book Value: $21.35
Float Short: 6.97%

On average, 15 analysts are expecting a drop of $-0.17 in earnings per share compared to last quarter's results of $0.85. A beat of $0.68 per share will top the estimated per share earnings. Analyst estimates range between $0.5 and $0.98 per share.

The stock has moved higher in price 4.33%, with a one year change of 28.16%. Comparing to the S&P 500 price changes, the price performances are 6.59% vs. the S&P 500 from a month ago, and year to date difference is 8.94% vs. the S&P 500 price change.

The company has rising revenue year-over-year of $12.20 billion for 2011 vs. $11.20 billion for 2010. The bottom line has rising earnings year-over-year of $521.00 million for 2011 vs. $-101.40 million for 2010. The company's earnings before income and taxes are rising with an EBIT year-over-year of $1.10 billion for 2011 vs. $62.80 million for 2010.

Revenue growth is at an annual rate of 8.93%.
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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Apr-11 $ 3.23 B $ 3.12 B $ -114.04 M -3.53%
Jan-11 $ 3.16 B $ 3.19 B $ 24.79 M 0.78%
Oct-10 $ 3.21 B $ 3.00 B $ -213.60 M -6.65%
Jul-10 $ 3.07 B $ 2.90 B $ -164.38 M -5.36%
Apr-10 $ 2.89 B $ 2.91 B $ 18.96 M 0.66%
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M = millions, B = billions

Differences are rounded. (Some onetime items are often excluded in reported EPS)
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Reported earnings per share compared to the mean estimate. Differences are rounded.

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