Fresh produce company Dole (NYSE:DOLE) will be reporting earnings tomorrow before market open. Here’s what to look for. Dole beat analysts’ revenue expectations by 6.9% last quarter, reporting revenues of $2.17 billion, up 4.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates. Is Dole a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Dole’s revenue to decline 3.4% year on year to $2.05 billion, a reversal from the 6.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.Dole Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dole has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.7% on average. Looking at Dole’s peers in the perishable food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Vital Farms delivered year-on-year revenue growth of 9.6%, meeting analysts’ expectations, and Tyson Foods reported flat revenue, falling short of estimates by 0.7%. Vital Farms traded down 6.1% following the results while Tyson Foods was also down 8.3%. Read our full analysis of Vital Farms’s results here and Tyson Foods’s results here. Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Dole is up 6.2% during the same time and is heading into earnings with an average analyst price target of $17.13 (compared to the current share price of $14.76). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. View Comments
What To Expect From Dole’s (DOLE) Q1 Earnings
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