Sanderson Farms and Scholastic Corp’s quarterly projected numbers ahead of their earnings release on Thursday
Sanderson Farms, Inc. (NASDAQ:SAFM) and Scholastic Corp (NASDAQ:SCHL) are all-set to report their quarterly financial results before the opening bell on December 15. Sanderson Farms will report results for the fourth quarter of fiscal year 2016 (4QFY16) while Scholastic Corp will post results for 2QFY17. Earnings whispers suggest that both companies are likely to underperform Wall Street expectations for the quarter.
The consensus earnings per share (EPS) estimate stands at $2.57, which would represent a healthy increase from EPS of $1.22 reported in the same quarter last year.
Moreover, analysts expect Sanderson Farms to post revenue of $784.73 million. However, Estimize.com predicts the company to miss the Street on top line with its revenue estimate of $784.43 million.
Wall Street analysts expect the company post EPS of $1.92 in 2QFY17, a major improvement from 1Q’s loss per share (LPS) of $1.15. It would also represent an increase of 3.78% year-over-year (YoY).
Furthermore, the consensus revenue estimate stands at $1.62 billion, which would represent an increase of 4.46% YoY. Estimize.com believes that Scholastic Corp will miss the Street on top line with revenue estimate of $597.03 million.