United Natural Foods UNFI is set to give its latest quarterly earnings report on Wednesday, 2023-03-08. Here's what investors need to know before the announcement.
Analysts estimate that United Natural Foods will report an earnings per share (EPS) of $1.46.
United Natural Foods bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company missed EPS by $0.02, which was followed by a 0.85% drop in the share price the next day.
Here's a look at United Natural Foods's past performance and the resulting price change:
|Quarter||Q1 2023||Q4 2022||Q3 2022||Q2 2022|
|Price Change %||-0.85%||-3.24%||2.12%||-4.17%|
Shares of United Natural Foods were trading at $41.34 as of March 06. Over the last 52-week period, shares are up 11.66%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for United Natural Foods visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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