Diamond Foods: Here’s What Investors Need to Know Before Earnings

Diamond Foods (NASDAQ:DMND) will report earnings after markets close on Monday, June 10th. Diamond Foods, Inc. is a branded food company specializing in processing, marketing and distributing culinary, snack, in-shell and ingredient nuts.

Here is your Cheat Sheet to Diamond Foods Earnings:

Earnings Expectations: Analysts expect earnings of $-0.17 per share on revenues of $175.78 million.

Analyst Trends:

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 is a loss of $0, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Diamond Foods has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 531 571 680 966 981
Diluted EPS ($) 0.91 1.44 1.36 2.22 -3.98

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 207.68 223.99 258.46 220.84
Diluted EPS ($) -2.02 -1.52 -0.49 0.43

Past Performance:
Diamond Foods has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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