Whole Foods Market Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Whole Foods Market, Inc. (NASDAQ:WFM) will unveil its latest earnings on Wednesday, February 8, 2012. Whole Foods Market owns and operates a chain of natural and organic foods supermarkets. Its products include seafood, grocery, meat and poultry, bakery and prepared foods.

Whole Foods Market, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 60 cents per share, a rise of 17.6% 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. Analysts are projecting profit to rise by 17.1% versus last year to $2.26.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 42 cents per share against a mean estimate of profit of 41 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $3.38 billion in revenue this quarter, a rise of 12.7% from the year ago quarter. Analysts are forecasting total revenue of $11.59 billion for the year, a rise of 14.6% from last year’s revenue of $10.11 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 31.3% to $75.5 million (42 cents a share) from $57.5 million (33 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 12.2% to $2.35 billion from $2.1 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 12.1%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 13.8% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 34.6% in the third quarter of the last fiscal year and 33.3% in the second quarter of the last fiscal year.

Stock Price Performance: During November 4, 2011 to February 2, 2012, the stock price had risen $7.06 (10.3%) from $68.54 to $75.60. The stock price saw one of its best stretches over the last year between March 10, 2011 and March 21, 2011 when shares rose for eight-straight days, rising 5.9% (+$3.43) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 19.3% (-$12.89) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com