Smithfield Foods 4Q Earnings Pregame Scorecard

Published June 10, 2012

| FOXBusiness

Smithfield Foods, Inc. has beaten analyst's estimates in each of the last five quarters and will try to do so again on Thursday, June 14, 2012.

Expectations

Analysts currently expect Smithfield Foods to come in with earnings of 54 cents per share on revenues of $3.27 billion. Estimates from analysts range from 43 cents per share to 68 cents per share. Over the past three months, the average estimate has moved down from 60 cents.

Last Quarter's Results

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.

Stock Ratings

Analysts are bullish on the stock as seven analysts rate it as a buy and there are no sell ratings. The average analyst rating of the stock has stayed steady from three months prior.

Stock Movement

The stock fell $1.92 per share between March 29, 2012 and April 16, 2012. Looking at change over the last three months, March 14, 2012 and June 8, 2012, the stock price fell $3.34 (-14.7%), from $22.70 to $19.36.

Company Fundamental Trends 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.

Summary

Reporting Period: 4Q

Date of Release: Thursday, June 14, 2012 before market open

EPS: 54 cents

Revenue Estimate: $3.27 billion

URL

http://www.foxbusiness.com/markets/2012/06/10/smithfield-foods-4q-earnings-pregame-scorecard/