Sara Lee Corp. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sara Lee Corp. (NYSE:SLE) will unveil its latest earnings on Thursday, November 3, 2011. Sara Lee is a global consumer-goods company. The company manufactures a range of branded meats, bakery and beverage products.

Sara Lee Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 17 cents per share, a rise of 30.8% 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 22 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 18 cents during the last month. Analysts are projecting profit to rise by 17.9% versus last year to 92 cents.

Past Earnings Performance: Last quarter, the company saw profit of 20 cents per share versus a mean estimate of net income of 20 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: On average, analysts predict $1.99 billion in revenue this quarter, a decline of 3.4% from the year ago quarter. Analysts are forecasting total revenue of $8.53 billion for the year, a decline of 1.7% from last year’s revenue of $8.68 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sara Lee with seven of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 40.6% to $111 million (21 cents a share) from $187 million (27 cents a share) the year earlier, meeting analyst expectations. Revenue fell 25.9% to $2.05 billion from $2.77 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 13.9% in the third quarter of the last fiscal year from the year earlier, dropped 17.8% in second quarter of the last fiscal year from the year-ago quarter and 0.5% in the first quarter of the last fiscal year.

Competitors to Watch: Unilever plc (NYSE:UL), Bridgford Foods Corp. (NASDAQ:BRID), The Hain Celestial Group, Inc. (NASDAQ:HAIN), Lancaster Colony Corp. (NASDAQ:LANC), J&J Snack Foods Corp. (NASDAQ:JJSF), Kraft Foods Inc. (NYSE:KFT), Flowers Foods, Inc. (NYSE:FLO), Snyder S Lance Inc (NASDAQ:LNCE), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), and TreeHouse Foods Inc. (NYSE:THS).

Stock Price Performance: During September 30, 2011 to October 28, 2011, the stock price had risen $1.82 (11.1%) from $16.35 to $18.17. The stock price saw one of its best stretches over the last year between March 17, 2011 and March 29, 2011 when shares rose for nine-straight days, rising 7.5% (+$1.23) over that span. It saw one of its worst periods between September 26, 2011 and October 3, 2011 when shares fell for six-straight days, falling 9% (-$1.58) over that span. Shares are up 99 cents (+5.8%) year to date.

(Source: Xignite Financials)

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

 

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