* United Natural Foods Inc reported quarterly adjusted earnings of 16 cents per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of eleven analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -12 cents to 9 cents per share.
* Revenue rose 4.2% to $7.87 billion from a year ago; analysts expected $7.61 billion.
* United Natural Foods Inc's reported EPS for the quarter was a loss of 35 cents.
* The company reported a quarterly loss of $21 million.
* United Natural Foods Inc shares had risen by 46.7% this quarter and gained 52.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 118.5% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the food retail & distribution peer group is also "hold"
Wall Street's median 12-month price target for United Natural Foods Inc is $21.00 This summary was machine generated from LSEG data December 10 at 02:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Oct. 31 2024 -0.02 0.16 Beat
Jul. 31 2024 -0.10 0.01 Beat
Apr. 30 2024 0.03 0.10 Beat
Jan. 31 2024 -0.01 0.07 Beat
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.