The Fresh Market Second Quarter Earnings Sneak Peek

The Fresh Market (NASDAQ:TFM) will unveil its latest earnings on Wednesday, August 31, 2011. Fresh Market, Inc. retails food. 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 net income of 18 cents per share, a decline of 41.9% 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 24 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 18 cents during the last month. For the year, analysts are projecting profit of $1.02 per share, a rise of 18.6% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 28 cents per share, and the previous quarter, it had profit of 33 cents.

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Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and two rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Competitors to Watch: Whole Foods Market, Inc. (NASDAQ:WFM), Safeway Inc. (NYSE:SWY), The Kroger Co. (NYSE:KR), Ruddick Corporation (NYSE:RDK), Ingles Markets, Inc. (NASDAQ:IMKTA), Winn-Dixie Stores, Inc. (NASDAQ:WINN), SUPERVALU INC. (NYSE:SVU), Weis Markets, Inc. (NYSE:WMK), Wal-Mart (NYSE:WMT), Target (NYSE:TGT) and Arden Group, Inc. (NASDAQ:ARDNA).

Stock Price Performance: During June 1, 2011 to August 25, 2011, the stock price had fallen $6.66 (-16.8%) from $39.64 to $32.98. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 14.4% (+$5.49) over that span. It saw one of its worst periods between May 26, 2011 and June 7, 2011 when shares fell for eight-straight days, falling 22.6% (-$9.18) over that span. Shares are down $8.22 (-20%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.