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Dean Foods (DF) Q1 Earnings & Sales Beat Estimates

Dean Foods Company DF reported first-quarter 2016 results, wherein adjusted earnings of 45 cents per share surged 87.5% from 24 cents in the year-ago quarter driven by strong execution across all departments. The bottom-line also beat the Zacks Consensus Estimate of 38 cents. The quarter marked the fifth consecutive quarter of year over year earnings growth.

Management expects second-quarter 2016 adjusted earnings to range from 32–40 cents a share.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has trended upward over the last 60 days. If we look at Dean Food’s performance in the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate in all four quarters, resulting in an average surprise of 17.8%.

Revenues: Dean Foods’ net sales plunged 8.4% year over year to $1,878.8 million, surpassing the Zacks Consensus Estimate of $1,877 million.

Zacks Rank: Currently, Dean Foods carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.

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