The Fresh Market First Quarter Earnings Sneak Peek

The Fresh Market (NASDAQ:TFM) will unveil its latest earnings on Wednesday, May 30, 2012. Fresh Market is a specialty food retailer. The company operates a chain of stores that retail fresh premium perishable food items. Fresh Market operates in the southeastern, midwestern and mid-Atlantic states.

The Fresh Market Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 35 cents per share, a rise of 25% 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. It also has not changed during the last month. For the year, analysts are projecting net income of $1.30 per share, a rise of 21.5% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 38 cents per share against an estimate of net income of 39 cents per share. The quarter before that, it missed expectations by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 17.3% in revenue from the year-earlier quarter to $310.3 million.

Analyst Ratings: Analysts seem relatively indifferent about Fresh Market with seven of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $18.3 million (38 cents a share) from a loss of $2.3 million (5 cents) a year earlier, but missed analyst estimates. Revenue rose 10.8% to $320.8 million from $289.4 million.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 14% over the last four quarters.

Stock Price Performance: Between April 26, 2012 and May 24, 2012, the stock price dropped $4.62 (-8.9%), from $52.16 to $47.54. The stock price saw one of its best stretches over the last year between January 12, 2012 and January 25, 2012, when shares rose for nine straight days, increasing 15.6% (+$6.20) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 15.9% (-$6.88) over that span.

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

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