The Fresh Market Fourth Quarter Earnings Sneak Peek

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The Fresh Market (NASDAQ:TFM) will unveil its latest earnings on Wednesday, March 7, 2012. Fresh Market is a specialty food retailer. The company operates a chain of stores that retail fresh premium perishable food items. Fresh Market operates in the southeastern, midwestern and mid-Atlantic states.

The Fresh Market Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 39 cents per share, a rise of 18.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 38 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 39 cents during the last month. For the year, analysts are projecting profit of $1.07 per share, a rise of 24.4% from last year.

Past Earnings Performance: The company is looking to beat estimates after falling short of forecasts last quarter. Last quarter, it reported net income of 19 cents per share against a consensus estimate of profit of 20 cents per share.

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Analyst Ratings: Analysts seem relatively indifferent about Fresh Market with six of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 39.4% to $9.2 million (19 cents a share) from $6.6 million (14 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 15.1% to $263.3 million from $228.7 million.

Key Stats:

Over the last four quarters, revenue has increased 8.8% on average year-over-year. The biggest increase came in the first quarter, when revenue rose 20.1% from the year earlier quarter.

Stock Price Performance: Between December 2, 2011 and March 1, 2012, the stock price rose $5.94 (15.2%), from $39.15 to $45.09. The stock price saw one of its best stretches over the last year between January 12, 2012 and January 25, 2012, when shares rose for nine straight days, increasing 15.6% (+$6.20) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 15.9% (-$6.88) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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