Chiquita Brands International Inc. Third Quarter Earnings Sneak Peek

Chiquita Brands International Inc. (NYSE:CQB) will unveil its latest earnings on Thursday, November 3, 2011. 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 36 cents per share, a wider loss from the year earlier quarter net loss of 14 cents. During the past three months, the average estimate has moved down from breaking even. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 21 cents during the last month. For the year, analysts are projecting profit of 88 cents per share, a rise of 11.4% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported net income of 73 cents per share against a mean estimate of $1.14. Two quarters ago, it beat expectations by 18 cents with profit of 57 cents.

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Wall St. Revenue Expectations: On average, analysts predict $683.2 million in revenue this quarter, a decline of 6.4% from the year ago quarter. Analysts are forecasting total revenue of $3.13 billion for the year, a decline of 3.1% from last year’s revenue of $3.23 billion.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the second quarter, profit fell 17.8% to $77.8 million ($1.68 a share) from $94.6 million ($2.06 a share) the year earlier, missing analyst expectations. Revenue fell 5% to $870.4 million from $916.3 million.

Key Stats:

Revenue fell in the second quarter after seeing a rise the quarter before. In the first quarter, revenue rose 2%.

Competitors to Watch: Fresh Del Monte Produce Inc. (NYSE:FDP), Dole Food Company, Inc. (NYSE:DOLE), Total Produce plc (NYSE:TOT), Alico (NASDAQ:ALCO), Limoneira (NASDAQ:LMNR), Inventure Foods (NASDAQ:SNAK), ConAgra (NYSE:CAG), Seneca Foods (NASDAQ:SENEB) and TreeHouse (NYSE:THS).

Stock Price Performance: During September 30, 2011 to October 28, 2011, the stock price had risen 92 cents (11%) from $8.34 to $9.26. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 9, 2010 when shares rose for eight-straight days, rising 22.5% (+$2.51) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 13% (-$1.94) over that span. Shares are down $4.76 (-34%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.