Whole Foods Market (WFM) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Wednesday, July 25, 2012.

Expectations

Analysts currently expect Whole Foods Market to come in with earnings of 61 cents per share on revenues of $2.73 billion. Analyst estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from 58 cents.

Stock Movement

The stock fell $3.19 per share between June 26, 2012 and June 28, 2012. Looking at change over the last three months, from April 23, 2012 and July 18, 2012, the stock price is up $8.87 (10.6%), from $83.67 to $92.54.

Company Fundamental Trends
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 12.4% over the last four quarters. The company will look to keep the its run of success flowing with earnings announcement, after experiencing income increases the last three quarters. Net income rose 31.3% in the fourth quarter of the last fiscal year and 33.4% in the first quarter before increasing again in the second quarter.

Stock Ratings

Analysts are bullish on the stock as 14 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the second quarter, profit rose 30.8% to $117.7 million (64 cents a share) from $89.9 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.6% to $2.67 billion from $2.35 billion.

Summary

 

Reporting Period: 3Q

Date of Release: Wednesday, July 25, 2012

EPS: 61 cents

Revenue Estimate: $2.73 billion

 

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)