Del Monte Corporation reports results for the quarter ended September 30 - Earnings Summary

• Del Monte Corporation DMC.N reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The lone analyst forecast for the quarter was for earnings of 46 cents per share.

• Revenue rose 7.2% to $1.10 billion from a year ago; analysts expected $1.16 billion.

• Del Monte Corporation's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $18.3 million.

• Del Monte Corporation shares had fallen by 4.4% this quarter and lost 19.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the fishing & farming peer group is also "buy"

• Wall Street's median 12-month price target for Del Monte Corporation is $52.00, about 44.9% above its last closing price of $28.63

This summary was machine generated from LSEG data October 28 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)