Whole Foods Moving On High Volume (WFMI)
Symbols: WFMI
Whole Foods (NASDAQ: WFMI)is moving higher on increased volume prior to the company's earnings report which will be released after the bell. The stock has surged 2.36% to $30.45 during the trading session. Pali Capital analyst Robert Summers recently raised his same store sales estimates to reflect a turn into positive territory after five quarters of declines.
According to the analyst, higher end consumers were less thrifty over the holidays, and this adds to the upside potential for Whole Foods' (WFMI) earnings. Analysts are anticipating the grocer will report EPS of $0.26 versus $0.20 in the year ago period.
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