Sara Lee Corp. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sara Lee Corp. (NYSE:SLE) will unveil its latest earnings on Thursday, August 11, 2011. Sara Lee Corp is a global consumer-goods company, manufacturing and marketing a range of high-quality 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 20 cents per share, a rise of more than twofold 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 82 cents per share, a rise of 7.9% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported net income of 24 cents per share against a mean estimate of 25 cents. Two quarters ago, it beat expectations by 6 cents with profit of 31 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.22 billion in revenue this quarter, a decline of 19.9% from the year ago quarter. Analysts are forecasting total revenue of $8.88 billion for the year, a decline of 17.7% from last year’s revenue of $10.79 billion.

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

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 13.9% to $2.22 billion in third quarter. The figure fell 17.8% in the second quarter from the year earlier, dropped 0.5% in first quarter from the year-ago quarter and 12.5% in the fourth 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 July 8, 2011 to August 5, 2011, the stock price had dropped $1.13 (-5.8%) from $19.62 to $18.49. 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% (+$1.24) over that span. It saw one of its worst periods between September 20, 2010 and September 28, 2010 when shares fell for seven-straight days, falling 4% (-56 cents) over that span. Shares are up $1.20 (+6.9%) year to date.

(Source: Xignite Financials)

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