Diamond Foods Inc. First Quarter Earnings Sneak Peek

Diamond Foods, Inc. (NASDAQ:DMND) will unveil its latest earnings on Tuesday, December 6, 2011. Diamond Foods is a food company that deals in processing, marketing, and distributing culinary, in-shell, and ingredient nuts and snack products.

Diamond Foods, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 72 cents per share, a rise of 10.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 79 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 73 cents during the last month. Analysts are projecting profit to rise by 12.3% versus last year to $2.93.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting profit of 52 cents per share against a mean estimate of net income of 44 cents per share.

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

Wall St. Revenue Expectations: Analysts are projecting a rise of 9% in revenue from the year-earlier quarter to $275.3 million.

Analyst Ratings: Analysts seem relatively indifferent about Diamond Foods with nine of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 26.8% to $8.5 million (37 cents a share) from $6.7 million (29 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 31.8% to $232.8 million from $176.6 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 43.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 60.7% from the year earlier quarter.

Competitors to Watch: Kraft Foods Inc. (NYSE:KFT), General Mills (NYSE:GIS), Pepsico Inc (NYSE:PEP), Kellogg Company (NYSE:K), Ralcorp Holdings Inc. (NYSE:RAH), The Procter & Gamble Co. (NYSE:PG), Inventure Foods, Inc. (NASDAQ:SNAK), The Hershey Company (NYSE:HSY).

Stock Price Performance: During September 6, 2011 to November 30, 2011, the stock price had fallen $47.60 (-63.2%) from $75.35 to $27.75. The stock price saw one of its best stretches over the last year between April 15, 2011 and April 29, 2011 when shares rose for 10-straight days, rising 10.3% (+$6.13) over that span. It saw one of its worst periods between October 28, 2011 and November 8, 2011 when shares fell for eight-straight days, falling 42.7% (-$28.83) over that span. Shares are down $25.23 (-47.6%) year to date.

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

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