After Dean Foods took a loss of five cents a year ago, analysts think when the company reports this year's first quarter numbers on Monday, May 11, 2015, the results will be a lot better. Analysts are expecting profit of 17 cents a share.
The consensus estimate is down from three months ago when it was 18 cents, but is unchanged over the past month. Analysts are expecting earnings of 79 cents per share for the fiscal year. After being $2.34 billion a year ago, analysts project revenue to drop 10% year-over-year to $2.11 billion for the quarter. For the year, revenue is expected to come in at $8.39 billion.
Revenue has improved in each of the last three quarters. The 2% revenue increase brought the figure up to $2.40 billion in the most recent quarter. Looking back further, revenue increased 8% in the third quarter from the year earlier and 7% in the second quarter.
Dean Foods saw profit this past quarter after incurring losses in the previous three quarters.
Earnings estimates provided by Zacks.
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