Chiquita Brands International Inc. Fourth Quarter Earnings Sneak Peek

Chiquita Brands International Inc. (NYSE:CQB) will unveil its latest earnings on Tuesday, February 21, 2012. Chiquita Brands International and its subsidiaries operate as an international marketer and distributor of bananas and other fresh produce sold under the Chiquita and other brand.

Chiquita Brands International Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 17 cents per share, a narrower loss from the year-earlier quarter net loss of 39 cents. During the past three months, the average estimate has moved down from a loss of 11 cents. Between one and three months ago, the average estimate moved up. It has dropped from a loss of 10 cents during the last month. For the year, analysts are projecting net income of 79 cents per share, no change from last year.

Past Earnings Performance: The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting net loss of 39 cents per share against an estimate of a loss of 36 cents per share. The quarter before that, it missed forecasts by 41 cents.

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Wall St. Revenue Expectations: On average, analysts predict $758.4 million in revenue this quarter, a decline of 1.9% from the year-ago quarter. Analysts are forecasting total revenue of $3.18 billion for the year, a decline of 1.5% from last year’s revenue of $3.23 billion.

Analyst Ratings: The limited number of analysts covering the stock seem bullish with three analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the third quarter, the company’s loss widened to a loss of a $28.8 million (63 cents a share) from a loss of $8.4 million (19 cents) a year earlier, missing analyst expectations. Revenue fell 1% to $722.8 million from $729.7 million.

Key Stats:

Chiquita Brands International’s loss in the latest quarter followed profits in the previous two quarters. The company reported a profit of $77.8 million in the second quarter and profit of $24.2 million in the first quarter.

Revenue has dropped in the last two quarters. In the second quarter, the figure fell 5%.

Stock Price Performance: Between December 16, 2011 and February 15, 2012, the stock price had risen $1.41 (17.9%), from $7.89 to $9.30. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011, when shares rose for seven straight days, increasing 11.3% (+$1.36) over that span. It saw one of its worst periods between November 11, 2011 and November 21, 2011 when shares fell for seven straight days, dropping 7.4% (-67 cents) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com