Diamond Foods, Inc. Fourth Quarter Earnings Sneak Peek

Diamond Foods, Inc. (NASDAQ:DMND) will unveil its latest earnings on Thursday, September 15, 2011. Diamond Foods, Inc. is a food company deals in processing, marketing and distributing culinary, in-shell, 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 44 cents per share, a rise of 29.4% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $2.51 per share, a rise of 30.7% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 52 cents per share against a mean estimate of profit of 48 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $216.3 million in revenue this quarter, a rise of 22.5% from the year ago quarter. Analysts are forecasting total revenue of $949.5 million for the year, a rise of 39.6% from last year’s revenue of $680.2 million.

Analyst Ratings: Analysts are bullish on Diamond as seven analysts rate it as a buy, none rate it as a sell and seven rate it as a hold.

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 48.9%, with the biggest boost coming in the most recent quarter 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), Long An Food Processing Export JSC (LAF), C. Cardassilaris & Sons РCardico S.A. (KARD), and Nestle Foods Nigeria PLC (NESTLE).

Stock Price Performance: During August 12, 2011 to September 12, 2011, the stock price had risen $4.39 (6.2%) from $71.06 to $75.45. 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 September 13, 2010 and September 22, 2010 when shares fell for eight-straight days, falling 7% (-$2.95) over that span. Shares are up $22.43 (+42.3%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.