
Darling Ingredients (DAR) Stock Forecast & Price Target
Darling Ingredients (DAR) Analyst Ratings
Bulls say
Darling Ingredients Inc. anticipates an improvement in EBITDA for its feed segment in 4Q23 due to higher prices, the return of the Ward, SC plant, and updated contracts, indicating strong revenue growth potential. The food segment's EBITDA has shown a robust year-over-year increase of 26%, driven by rising demand for hydrolyzed collagen and gelatin, bolstered by the strategic Gelnex acquisition, which positions the company for double-digit growth in 2024. Additionally, the company's focus on improving margins within its biofuel business and the potential upside in D4 RIN and LCFS credit values further enhances Darling's financial outlook amid favorable market conditions.
Bears say
Darling Ingredients Inc. reported a significant decline in EBITDA for its Feed segment, which decreased by 19% year-over-year to $162 million, primarily due to reduced slaughterhouse volumes and lower rendering values. The company's legacy Fuel segment also faced challenges, with EBITDA decreasing to $20 million, reflecting softer volumes in its European operations and a general decline in prices. Overall, Darling's third quarter EBITDA of $334 million fell short of consensus expectations by $48 million, driven by underperformance in both the Feed and Fuel segments, prompting a downward revision of future EBITDA and earnings estimates.
This aggregate rating is based on analysts' research of Darling Ingredients and is not a guaranteed prediction by Public.com or investment advice.
Darling Ingredients (DAR) Analyst Forecast & Price Prediction
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