Darling Ingredients (NYSE:DAR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.42b (down 13% from 3Q 2023).

• Net income: US$16.9m (down 86% from 3Q 2023).

• Profit margin: 1.2% (down from 7.7% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.11 (down from US$0.78 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Darling Ingredients Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 68%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in the US.

Performance of the American Food industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Be aware that Darling Ingredients is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

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