Krispy Kreme Doughnuts First Quarter Earnings Sneak Peek

Krispy Kreme Doughnuts Inc. (NYSE:KKD) will unveil its latest earnings on Monday, May 21, 2012. Krispy Kreme Doughnuts and its subsidiaries are engaged in the sale of doughnuts and related items through company-owned stores.

Krispy Kreme Doughnuts Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 8 cents per share, a decline of 38.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 8 cents during the last month. For the year, analysts are projecting profit of 25 cents per share, a decline of 19.4% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 6 cents per share against a mean estimate of 7 cents. Two quarters ago, it beat expectations by one cent with profit of 7 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.5% in revenue from the year-earlier quarter to $111.4 million.

Analyst Ratings: Of the five analysts surveyed, three (60%) rate Krispy Kreme Doughnuts a buy. This is below the mean analyst rating of nine competitors, which average 66.7% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $143.5 million ($2.01 a share) from a loss of $1.5 million (2 cents) a year earlier, but missed analyst estimates. Revenue rose 11.2% to $102 million from $91.7 million.

Key Stats:

For four quarters in a row, revenue has increased. Revenue rose 9.4% in the third quarter of the last fiscal year from the year earlier, climbed 11.4% in the second quarter of the last fiscal year from the year-ago quarter and 13.6% in the first quarter of the last fiscal year.

Stock Price Performance: Between February 17, 2012 and May 15, 2012, the stock price fell $2.26 (-26.1%), from $8.67 to $6.41. The stock price saw one of its best stretches over the last year between January 31, 2012 and February 7, 2012, when shares rose for six straight days, increasing 10.5% (+77 cents) over that span. It saw one of its worst periods between May 1, 2012 and May 8, 2012 when shares fell for six straight days, dropping 13.7% (-$1.01) over that span.

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

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