The Fresh Market Third Quarter Earnings Sneak Peek

The Fresh Market (NASDAQ:TFM) will unveil its latest earnings on Wednesday, November 30, 2011. 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 net income of 20 cents per share, a decline of 13% from the company’s actual earnings for the same quarter a year ago. For the year, analysts are projecting profit of $1.13 per share, a rise of 31.4% from last year.

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

A Look Back: In the second quarter, profit remained level at $10.5 million (22 cents a share) from the year earlier. Revenue was unchanged at $259.5 million.

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 October 26, 2011 to November 23, 2011, the stock price had dropped $4.73 (-11.3%) from $41.70 to $36.97. 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 $4.23 (-10.3%) year to date.

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

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