Nash Finch Company
) is scheduled to report its second quarter 2012 financial results
before the opening bell on Thursday, July 19, 2012.
NASH FINCH CO (NAFC): Free Stock Analysis
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The Zacks Consensus Estimate for second quarter earnings is pegged
at 59 cents a share on revenues of $1,081.0 million.
The Zacks Consensus Estimate projects earnings for fiscal 2012 to
be $2.72 per share on revenues of $4,786 million.
First Quarter Recap
Nash Finch Company's first-quarter 2012 earnings (excluding
one-time items) of 47 cents per share missed the Zacks Consensus
Estimate of 55 cents by 14.5%. Additionally, it plunged 33.8% from
prior-year quarter's earnings of 71 cents per share. The ongoing
macro-economic headwinds and increasing competition negatively
affected the earnings.
Total sales in first quarter 2012 were $1.06 billion, down 3.7%
from $1.10 billion in the prior-year quarter.
For further details please read:
Poor 1Q for Nash Finch
Agreement of Estimate Revisions
Over the past 30 days, no movement was noticed in the three
estimates either for the second quarter or for the full year.
The last revision in estimates took place in April, after the
company announced its first quarter results.
Recently, on July 17, 2012, the company declared a regular
quarterly cash dividend of 18 cents per share of common stock
payable on September 7, 2012 to shareholders of record as on August
Magnitude of Estimate Revisions
Given the limited estimate revisions, the consensus estimate for
the second quarter of fiscal 2012 has remained static over the last
7 as well as 30 days at 59 cents. The consensus estimate for fiscal
2012 has also remained static at $2.72 over the last 7 as well 30
Earnings Surprise History
With respect to earnings surprises, Nash Finch has topped the Zacks
Consensus Estimate in three of the preceding four quarters. Over
the last four quarters, its earnings surprise ranged from a
negative 14.55% to a positive 18.29%, with the average earnings
surprise being a negative 7.85%.
Though Nash Finch has been performing below expectation since the
past few quarters, we prefer to remain on the sidelines due to the
company's long-term prospects. The company continues with its
acquisition activities and it recently bought a number of
Currently, we have a long-term Neutral recommendation on Nash
Finch, which carries a Zacks #3 Rank (short term Hold rating).