trending Market Intelligence /marketintelligence/en/news-insights/trending/cM7ahv5DWgU4z1f_3cEm1A2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Sanderson Farms profit beats consensus by 34.7% in fiscal Q2


Minimizing Risk at a Bank with a Trade Intelligence Platform


2021 US broadband forecast lifted by rising digital home profiles


Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Sanderson Farms profit beats consensus by 34.7% in fiscal Q2

Sanderson Farms Inc. said its normalized net income for the fiscal second quarter ended April 30 amounted to $2.06 per share, compared with the S&P Capital IQ consensus estimate of $1.53 per share.

EPS declined 32.3% year over year from $3.05.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $45.9 million, a decrease of 32.6% from $68.0 million in the year-earlier period.

The normalized profit margin fell to 6.6% from 9.5% in the year-earlier period.

Total revenue decreased on an annual basis to $692.1 million from $716.6 million, and total operating expenses increased year over year to $618.3 million from $607.1 million.

Reported net income decreased 32.9% from the prior-year period to $46.9 million, or $2.11 per share, from $69.9 million, or $3.13 per share.