Smithfield Foods, Inc. (NASDAQ:SFD) will release earnings for its fourth quarter before the opening bell on Tuesday, March 24.
Analysts expect quarterly earnings of 68 cents per share. That’s up from 52 cents per share in the year-ago period. The consensus estimate for Smithfield Foods’ quarterly revenue is $4.15 billion; it reported $3.95 billion last year, according to Benzinga Pro.
On Feb. 16, Smithfield Foods initiated approval process for up to $1.3 billion state-of-the-art packaged meats and fresh pork processing facility in Sioux Falls, South Dakota.
Smithfield Foods shares gained 1.6% to close at $23.48 on Monday.
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