Whole Foods Market, Inc. (WFM) Set to Announce Quarterly Earnings on Tuesday
Whole Foods Market, Inc. (NASDAQ:WFM) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.23 per share for the quarter.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. On average, analysts expect Whole Foods Market to post $1.33 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.
Several research firms recently weighed in on WFM. Royal Bank Of Canada restated a “buy” rating and set a $42.00 price target on shares of Whole Foods Market in a research report on Tuesday, July 18th. UBS AG upgraded shares of Whole Foods Market from a “sell” rating to a “neutral” rating and set a $42.00 price target for the company in a research report on Monday, July 10th. Wells Fargo & Company restated a “hold” rating on shares of Whole Foods Market in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Whole Foods Market from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Vetr raised shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 price objective for the company in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.76.
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Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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