Whole Foods Market, Inc.
), one of the leading natural and organic foods supermarkets, is
slated to report its third-quarter fiscal 2014 results on Jul 30.
In the last quarter, it delivered a negative surprise of 7.32%.
Let's see how things are shaping up for this announcement.
Factors Influencing This Quarter
Whole Foods has been grappling with increasing competition and
aggressive pricing that are weighing on the company's performance
as more and more companies are entering as well as expanding their
presence in the Organic & Natural food business.
Our proven model does not conclusively show that Whole Foods is
likely to beat earnings estimates this quarter. This is because a
stock needs to have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. This is not the
case here, as you will see below.
Earnings ESP for Whole Foods is 0.00%. This is because both the
Most Accurate estimate and the Zacks Consensus Estimate stand at 39
Whole Foods has a Zacks Rank #4 (Sell) which lowers the predictive
power of ESP. We caution against stocks with a Zacks Ranks #4 and 5
(Sell-rated stocks) going into the earnings announcement,
especially when the company is seeing negative estimate
Stocks that Warrant a Look
Here are some companies you may want to consider as our model
shows that these have the right combination of elements:
Treehouse Foods, Inc. (
) has an Earnings ESP of +1.21% and a Zacks Rank #1 (Strong
Big Lots Inc. (
) has an Earnings ESP of +3.33% and a Zacks Rank #2 (Buy).
Wal-Mart Stores Inc. (
) has an Earnings ESP of +2.48% and a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
WHOLE FOODS MKT (WFM): Free Stock Analysis
WAL-MART STORES (WMT): Free Stock Analysis
BIG LOTS INC (BIG): Free Stock Analysis Report
TREEHOUSE FOODS (THS): Free Stock Analysis
To read this article on Zacks.com click here.