For its second fiscal quarter (ending June 30), Darling Ingredients Inc (NYSE: DAR) has reported a -69% decline in E.P.S. from $1.58 a year ago to $0.49 in the current quarter. This performance was $-0.06 short of the consensus estimate of $0.55. E.P.S. were $2.31 for the latest four quarters through June 30 versus $4.91 for the same period a year ago — a decline of -53%.
Recent Price Action
Darling Ingredients Inc (NYSE: DAR) stock closed at $39.58 on 7/25/24 after a very large increase of 7.3%. Moreover, trading volume in this advance was unusually high at 173% of normal. The stock has risen 4.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, DAR is expected to continue to be a Value Builder.
Darling Ingredients has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Darling Ingredients has a very high Appreciation Score of 89 but a very low Power Rating of 2, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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