Whole Foods Market, Inc.
) - one of the leading natural and organic foods supermarket
chains- is slated to report its fourth-quarter fiscal 2013
results after the market closes on Nov 6, 2013. In the last
quarter, it posted a positive surprise of 2.7%. Let's see how
things are shaping up for this announcement.
Factors this Past Quarter
The stringent cost-control measures, effective inventory
management and improved store-level performance facilitated Whole
Foods to register 20% growth in the bottom line during
third-quarter fiscal 2013. The company has also been revamping
its pricing strategy and concentrating more on value offerings,
while maintaining healthy margins.
Our proven model does not conclusively show that Whole Foods
is likely to beat earnings estimate 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.
ESP for Whole Foods is 0.00%. This is because both the Most
Accurate Estimate and the Zacks Consensus Estimate stand at 31
Zacks Rank #2 (Buy):
Whole Foods' Zacks Rank #2 when combined with 0.00% ESP makes
surprise prediction difficult. 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 revisions momentum.
Stocks that Warrant a Look
Here are some other companies you may want to consider as our
model shows they have the right combination of elements:
The J. M. Smucker Company
) has an Earnings ESP of +0.63% and a Zacks Rank #2 (Buy)
) has an Earnings ESP of +1.11% and a Zacks Rank #2 (Buy).
Campbell Soup Company
) has an Earnings ESP of +1.15% and a Zacks Rank #3 (Hold).
CAMPBELL SOUP (CPB): Free Stock Analysis
HANESBRANDS INC (HBI): Free Stock Analysis
SMUCKER JM (SJM): Free Stock Analysis Report
WHOLE FOODS MKT (WFM): Free Stock Analysis
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