The Fresh Market, Inc. (NASDAQ:TFM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.16%.
The Fresh Market, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15% to $0.46 in the quarter versus EPS of $0.40 in the year-earlier quarter.
Revenue: Rose 12.88% to $366.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Fresh Market, Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.44. It missed the average revenue estimate of $369.69 million.
Quoting Management: Craig Carlock, President and Chief Executive Officer commented, “We were pleased to see our business and customer traffic improve in the first quarter. New store development remains on track and our solid results give us confidence as we assess customer behavior and our outlook for the balance of the year.”
Key Stats (on next page)…
EPS increased 6.98% from $0.43 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.35 to a profit $0.32. For the current year, the average estimate has moved down from a profit of $1.69 to a profit of $1.56 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)