United Natural Foods UNFI announces its next round of earnings Wednesday. Here's Benzinga's advanced look at United Natural Foods' Q3 earnings report.
Earnings and Revenue
United Natural Foods earnings will be near 93 cents per share on sales of $2.58 billion, according to analysts.
In the same quarter last year, United Natural Foods reported earnings per share of 77 cents on revenue of $2.37 billion. The analyst consensus estimate would represent a 20.78 percent increase in the company's EPS figure. Sales would be have grown 8.86 percent from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.55 | 0.6 | 0.7 | 0.76 |
| EPS Actual | 0.71 | 0.6 | 0.72 | 0.77 |
Stock Performance
For a full 12 months, the return has risen by 11.87 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate United Natural Foods stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. United Natural Foods' Q3 conference call is scheduled to begin at 5:00 p.m. ET and can be accessed here: https://unitednaturalfoods.gcs-web.com/news-releases
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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