Smithfield Foods (NYSE: SFD ) filed its 10-K on June 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 29 (Q4), Smithfield Foods met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Smithfield Foods booked revenue of $3.21 billion. The 13 analysts polled by S&P Capital IQ expected a top line of $3.23 billion on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $3.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.43. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. GAAP EPS of $0.49 for Q4 were 17% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 10.8%, 340 basis points worse than the prior-year quarter. Operating margin was 4.2%, 370 basis points worse than the prior-year quarter. Net margin was 2.5%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.18 billion. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $13.32 billion. The average EPS estimate is $2.43.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 199 members out of 239 rating the stock outperform, and 40 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Smithfield Foods a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Smithfield Foods is outperform, with an average price target of $27.83.