Chiquita Brands International (NYSE: CQB ) is expected to report Q2 earnings on Aug. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Chiquita Brands International's revenues will drop -6.6% and EPS will shrink -50.7%.
The average estimate for revenue is $812.2 million. On the bottom line, the average EPS estimate is $0.36.
Last quarter, Chiquita Brands International logged revenue of $793.0 million. GAAP reported sales were 3.8% lower than the prior-year quarter's $824.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.04. GAAP EPS were -$0.24 for Q1 against $0.52 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 12.5%, 400 basis points worse than the prior-year quarter. Operating margin was 1.9%, 350 basis points worse than the prior-year quarter. Net margin was -1.4%, 430 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.02 billion. The average EPS estimate is -$0.02.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 279 members out of 324 rating the stock outperform, and 45 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Chiquita Brands International a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chiquita Brands International is hold, with an average price target of $16.33.
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