S&P 500 (NYSE:SPY) component Dean Foods Company (NYSE:DF) will unveil its latest earnings on Thursday, August 4, 2011. Dean Foods Company is a food and beverage company in the United States offering dairy and frozen food products.
Dean Foods Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 17 cents per share, a decline of 43.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 13 cents. For the year, analysts are projecting net income of 71 cents per share, a decline of 11.3% from last year.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 14 cents per share against a mean estimate of net income of 6 cents, and the quarter before, the company exceeded forecasts by one cent with profit of 15 cents versus a mean estimate of net income of 14 cents.
Wall St. Revenue Expectations: On average, analysts predict $3.15 billion in revenue this quarter, a rise of 6.8% from the year ago quarter. Analysts are forecasting total revenue of $12.69 billion for the year, a rise of 4.7% from last year’s revenue of $12.12 billion.
Analyst Ratings: Analysts seem relatively indifferent about Dean Foods Company with 10 of 13 analysts surveyed maintaining a hold rating.
Revenue has risen the past four quarters. Revenue increased 2.6% to $3.05 billion in first quarter. The figure rose 5.1% in the fourth quarter of the last fiscal year from the year earlier, climbed 10.1% in the third quarter of the last fiscal year from the year-ago quarter and 10.2% in the second quarter of the last fiscal year.
Competitors to Watch: Lifeway Foods, Inc. (NASDAQ:LWAY), Tofutti Brands Inc. (AMEX:TOF), Synutra Intl., Inc. (NASDAQ:SYUT), Smart Balance, Inc. (NASDAQ:SMBL), Mead Johnson Nutrition CO (NYSE:MJN), Wimm-Bill-Dann Foods OJSC (NYSE:WBD), and The Hain Celestial Group, Inc. (NASDAQ:HAIN).
Stock Price Performance: During June 2, 2011 to July 29, 2011, the stock price had fallen $2.19 (-16.6%) from $13.21 to $11.02. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 3.2% (+38 cents) over that span. It saw one of its worst periods between March 25, 2011 and April 4, 2011 when shares fell for seven-straight days, falling 7.8% (-82 cents) over that span. Shares are up $2.18 (+24.7%) year to date.
(Source: Xignite Financials)