Fresh Market (Nasdaq: TFM ) is expected to report Q3 earnings on Nov. 28. 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 Fresh Market's revenues will expand 20.9% and EPS will grow 31.6%.
The average estimate for revenue is $318.4 million. On the bottom line, the average EPS estimate is $0.25.
Last quarter, Fresh Market logged revenue of $313.0 million. GAAP reported sales were 21% higher than the prior-year quarter's $259.5 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 $0.29. GAAP EPS of $0.28 for Q2 were 27% higher than the prior-year quarter's $0.22 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 34.1%, 140 basis points better than the prior-year quarter. Operating margin was 7.2%, 60 basis points better than the prior-year quarter. Net margin was 4.3%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.34 billion. The average EPS estimate is $1.41.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 126 members out of 156 rating the stock outperform, and 30 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Fresh Market a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fresh Market is outperform, with an average price target of $59.56.
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