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Darling Ingredients (DAR) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.16 per share a year ago.
With short sellers viciously attacking many popular stocks and Wall Street worrying too much about the macroeconomic outlook, there are a multitude of undervalued growth stocks for investors to buy now. Plus, three recent factors have increased my optimism about growth stocks.
IRVING, Texas , April 24, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) will release first quarter 2023 financial results on Tuesday, May 9, 2023. A press release will be issued via PR Newswire after market, and a presentation with accompanying supplemental financial data will also be available in the investors section of the company's website.
Small-caps have been decimated these past two weeks. It's opened up some fertile ground for bargain-hunters.
Darling Ingredients Inc. has seen very strong operational momentum since the pandemic. The company has achieved higher profitability as the business has transformed greatly.
By buying these best growth stocks of companies exploiting huge, ongoing trends that will last for many years, investors can make a great deal of money over the long term. It sometimes takes these companies a long time to position themselves to exploit these trends, and their stock prices do not reflect their powerful, positive trends for an extended period.
Shares of the food and fuel supplier dipped on weak earnings.
While the top- and bottom-line numbers for Darling (DAR) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Darling (DAR) delivered earnings and revenue surprises of -15.63% and 1.62%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
According to my calculations, as of the market close on Feb. 7, the Nasdaq had risen over 20% from its 52-week low, meeting the technical definition of a bull market. Specifically, the exchange closed at 12,113.79, 20% above its 52-week low of 10,088.83.