Market Overview

United Natural Foods Expected To Deliver Record-Setting Quarter

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United Natural Foods, Inc. (NASDAQ: UNFI) is scheduled to announce third quarter financial results after the market closes. The stock has fallen about 20 percent over the past three months.

Despite the decline in the stock price, United Natural Foods is expected to deliver a record-setting quarter. The Street is modeling consensus earnings of $0.86 per share on revenue of $2.136 billion, while the crowd is projecting earnings of $0.85 per share on revenue of $2.129 billion, according to Estimize.

This implies an increase of at least 16 percent from the earnings of $0.73 per share reported in the same quarter last year, when revenue came in at $1.782 billion.

The estimates also suggest revenue will grow year-over-year, by about 20 percent, to an all-time high.

Related Link: Oppenheimer Met With United Natural Foods Management; Here's What Happened

Analyst Impressions

A couple of months ago, analysts at Oppenheimer met with United Natural Foods’ CFO Mark Shamber in Canada, and reiterated an Outperform rating on the stock.

"Based on our recent investor conversations, the slowdown in the conventional channel and out of stocks have remained at the top of investor concerns,” the experts commented. “Overall, the tone of management remained positive toward the company's competitive position, industry demand dynamics, the Tony's acquisition, and M&A opportunities.”

"We are optimistic that stronger conventional trends and improving out of stocks could fuel healthier comp trends in coming quarters,” they added, concluding that the company's shares offer “attractive upside potential for investors with a multi-quarter time horizon.”

Latest Ratings for UNFI

DateFirmActionFromTo
Dec 2018ArgusDowngradesBuyHold
Dec 2018Wells FargoMaintainsMarket PerformMarket Perform
Dec 2018Morgan StanleyMaintainsUnderweightUnderweight

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Posted-In: Estimize Mark Shamber OppenheimerAnalyst Color Previews Crowdsourcing Analyst Ratings Trading Ideas

 

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StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
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