Diamond Foods Earnings: Here’s Why Investors are Not Excited Now

Diamond Foods, Inc. (NASDAQ:DMND) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.23%.

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Diamond Foods, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.05 in the quarter versus EPS of $-0.22 in the year-earlier quarter.

Revenue: Decreased 10.97% to $184.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Diamond Foods, Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.17. It beat the average revenue estimate of $175.78 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue decreased 16.27% from $220.84 million in the previous quarter. EPS decreased 0% from $0.05 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.04 to a loss $0.06. For the current year, the average estimate has moved down from a profit of $0.22 to a profit of $0.05 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)