Smithfield Foods Ready for its Quarterly Earnings Release

Published on Wednesday, 07 December 2011 10:56 Written by Gerard Lerod

New York, December 7th (TradersHuddle.com) - Shares of Smithfield Foods, Inc. (NYSE:SFD) are trading lower by -0.86% ahead of its quarterly earnings release. Smithfield Foods, the fresh meat and packaged meat products maker is expected to release its quarterly results on December 8^th.

Wall Street Analysts consensus calls for a profit of $0.69 a share on $3.21 billion revenue.

Smithfield Foods estimates have a range of $0.47 a share. The high estimate calls for profit of $0.95 a share and the low estimate is calling for a profit of $0.48 a share, a year ago for the quarter the company reported $0.8 a share.

Smithfield Foods, Inc. (NYSE:SFD) engages in the production and marketing of fresh meat and packaged meat products. The company processes pork and produces hogs through its meat processing and hog production groups. Smithfield also produces and markets a range of branded food products such as frozen barbecues and chilies, peanuts, and pork products.

Other companies on the watch on this earnings event are Hormel Foods Corporation NYSE:HRL and Tyson Foods, Inc. NYSE:TSN.