Dole Food (NYSE: DOLE ) is expected to report Q3 earnings around Nov. 9. 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 Dole Food's revenues will drop -1.0% and EPS will compress -182.4%.
The average estimate for revenue is $2.07 billion. On the bottom line, the average EPS estimate is $0.14.
Last quarter, Dole Food tallied revenue of $1.72 billion. GAAP reported sales were 10% lower than the prior-year quarter's $1.92 billion.
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 $0.80. GAAP EPS of $0.73 for Q2 were 22% lower than the prior-year quarter's $0.93 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 13.6%, 10 basis points better than the prior-year quarter. Operating margin was 5.7%, 100 basis points worse than the prior-year quarter. Net margin was 3.7%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $6.94 billion. The average EPS estimate is $1.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 94 members out of 101 rating the stock outperform, and seven members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Dole Food a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dole Food is outperform, with an average price target of $10.20.
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