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Samsara IOT shares have increased 40.8% in the year-to-date period compared with the Zacks Computer & Technology sector’s rise of 19.9% and the Zacks Internet - Software sector’s rise of 14.2%.The uptick can be attributed to Samsara’s expanding clientele and strong partner base.
Samsara’s momentum in customer acquisition during the second quarter of fiscal 2025 is evident as it added 169 customers with more than $100,000 in Annual Recurring Revenues (ARR), reflecting sustained growth.
The expansion included an impressive record of 14 customers with more than $1 million in ARR, underscoring the increasing adoption of its platform by large enterprises.
IOT concluded the fiscal second quarter with an ARR of $1.26 billion, up 36% year over year.
Samsara Inc. Price and Consensus
Samsara Inc. price-consensus-chart | Samsara Inc. Quote
However, the question investors should ask is whether this bull run will continue for Samsara’s shares or not.
Will IOT Benefit From a Strong Portfolio?
IOT is experiencing strong growth as a result of the ongoing digitization wave, leveraging its advanced AI solutions to benefit various industries. This includes construction, food and beverage, transportation, warehousing and agriculture.
In August, Samsara’s advanced AI solutions enhanced Lanes Group’s fleet safety, leading to a 72% increase in driver safety scores, a 92% reduction in mobile phone usage and a £3,000 decline in average claim value within just eight months.
Samsara also expanded its clientele by partnering with AT&T T to enhance its offerings for public safety customers.
In June, Samsara introduced new products and solutions at its Beyond conference, including a FirstNet Trusted Vehicle Gateway for enhanced public safety communications through AT&T’s network.
Samsara's strong growth and adoption of its video-based safety, vehicle telematics, and equipment monitoring products have also been noteworthy.
In the second quarter fiscal 2025, Samsara’s Video-Based Safety and Vehicle Telematics apps each surpassed $500 million in ARR, with Equipment Monitoring and other products exceeding $150 million, all growing more than 30% year over year.
The company empowered United Natural Foods UNFI to drive sustainability and safety advancements across its extensive operations, like fleet management, on the back of its solutions.
In April, Samsara announced that United Natural Foods chose Samsara to drive sustainability and safety progress by adopting its Vehicle Telematics, Asset Gateways, Environmental Monitors and Video-Based Safety solutions.
IOT Q3 Guidance Positive
For third-quarter fiscal 2025, Samsara expects revenues to be between $309 million and $311 million, suggesting 30-31% year-over-year growth. Non-GAAP earnings are expected to be between 3 cents and 4 cents.
The Zacks Consensus Estimate for third-quarter fiscal 2025 revenues is currently pegged at $310.65 million, suggesting 30.78% growth year over year.
The consensus mark for earnings is currently pegged at 4 cents, increased by a penny in the past 30 days.
IOT Stock – Buy, Sell or Hold?
Samsara stock is not so cheap, as the Value Score of F suggests a stretched valuation at this moment.
The forward 12-month Price/Sales ratio for IOT stands at 23.75X, higher than its Zacks Internet - Software sector’s 3.11X, reflecting a stretched valuation.
IOT currently carries Zacks Rank #3 (Hold) suggesting that it may be wise to wait for a more favorable entry point in the stock.
AEYE Stock is A Better Pick
AudioEye AEYE is another top-ranked stock in the broader sector, sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
AEYE has a Growth Score of A. Its long-term earnings growth rate is currently pegged at 25%.
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VANCOUVER, BC / ACCESSWIRE / September 13, 2024 /bettermoo(d) Food Corporation (CSE: MOOO )(OTCQB: MOOOF )(Frankfurt: 0I5A )(WKN: A3D8PP ) (the " Company " or " bettermoo(d) ") is pleased to announce it has received initial purchase orders for its newly launched Moodrink™ Barista Edition ( Moodrink Barista™ ) from United Natural Foods Canada, (" UNFI Canada " or the " Distribution Partner "), the largest publicly traded wholesale distributor in North America delivering healthier food options to people throughout the United States and Canada[1], and an established coffee shop distributor (the " West Coast Coffee ShopDistributor "), serving the West Coast of Canada for over 16 years. Both distributors placed initial order soon after the product's official launch in late August, which management believes reflects the strong demand and enthusiasm for bettermoo(d)'s innovative plant-based Moodrink Barista™.
bettermoo(d) intends to leverage its distribution partners to target coffee shops and food service establishments, while also utilizing its existing networks to work on placing Moodrink Barista™ in retail chains across Canada. By offering a product tailored for baristas and coffee enthusiasts, the Company is positioning itself to serve an expanding segment of the beverage industry.
The coffee industry has demonstrated consistent growth, with North America being a major player in its expansion. On average, individuals in this region consume about three cups of coffee daily, highlighting the role coffee plays in their daily routines. In 2023, the North American coffee market was valued at US$ 18.23 billion and is projected to reach US$ 27.06 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8%.[2]
" As the coffee industry continues to grow and evolve, the demand for high-quality plant-based alternatives has never been greater. Launching Moodrink Barista™ is a strategic move that allows bettermoo(d) to not only meet this rising demand but also to expand our market presence in a key segment. This is a fantastic opportunity for us to introduce our innovative products to a wider audience, with the goal of creating new revenue streams that align with our vision of sustainable and health-conscious living, " stated Nima Bahrami, CEO of bettermoo(d).
About United Natural Foods, Inc. (UNFI) : As one of the most influential companies in its industry, United Natural Foods, Inc. (" UNFI "), the parent company of UNFI Canada, operates 50 distribution centers across North America and serves a diverse array of approximately 30,000 retail partners, including natural product superstores, independent retailers, conventional supermarket chains, e-commerce platforms, and food service providers.
About the West Coast Coffee Shop Distributor: The West Coast Coffee Shop Distributor, a trusted name in the industry for over 16 years, specializes in providing premium bubble tea ingredients, coffee products, and food packaging solutions. With a strong presence across three locations in lower BC and Calgary, Local Distributor has been serving the West Coast of Canada since 2007. Committed to the principles of integrity, professionalism, and quality, they offer not only high-quality products but also a broad spectrum of integrated services. These include expert recommendations for store planning, innovative packaging design, and essential equipment, ensuring that customers receive comprehensive support tailored to their needs.
With 1,149 coffee and snack shops in British Columbia [3] and 970 in Alberta [4] , bettermoo(d)'s newly launched Moodrink Barista™ has the potential to secure placement in a large number of these locations through the Local Distributors. This opportunity can position bettermoo(d) as an integral part of the lucrative coffee industry in Western Canada, while also enhancing brand visibility and driving growth through expanded reach.
ABOUT BETTERMOO(D) FOOD CORPORATION bettermoo(d) Food Corporation is an innovative plant-based dairy alternative food and beverage company based in Vancouver, British Columbia Canada, launching Moodrink™, a nutritious dairy-alternative beverage with a revolutionary flavour. Moodrink™ includes a blend of herbs and flowers similar to what cows ate, before the time of mass livestock production. Like rich dairy products, Moodrink™ contains added healthy plant fats and vitamins, so consumers don't miss out. The "Moodrink" is just the beginning of the revolution for the Vancouver based dairy-alternative company, bettermoo(d).
Driven by the motto "What A Cow Eats and A Human Needs" bettermoo(d) seeks to produce dairy alternative products that are good for both people and the planet - ensuring that all products are nutritious and sustainably sourced, and that also emulate the great taste of traditional milk from the Alps regions of Switzerland, France and Austria. Working with food scientists, the Company's goal is to conduct continuous food research and development programs with the aim of rolling out a full line of dairy alternative products, including Moogurt and Buetter, as well as many other products, that are better for YOU and better for the planet.
ON BEHALF OF THE BOARD of DIRECTORS Nima Bahrami Chief Executive Officer and Directorbettermoo(d) Food Corporation
For further information please contact: Email: investors@bettermoodfoodcorporation.com Website: www.bettermoo.com Phone: 1-855-715-1865
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news contains forward-looking statements and forward-looking information (collectively, "Forward-Looking Statements") within the meaning of the applicable Canadian and U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the anticipated development of, and market demand for, Moodrink Barista™, as well as with respect to the anticipated size and growth of the dairy alternatives market and opportunities for growth therein, and with respect to the Company's ability to achieve, sustain and expand market share within the coffee segment, are forward-looking statements. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. There is no assurance that the Company will be successful in marketing or continuing to distribute Moodrink Barista™, as contemplated or at all, nor that it will be able to maintain relationships with distributors and other industry partners. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
SOURCE: bettermoo(d) Food Corporation
View the original press release on accesswire.comUnited Natural Foods Inc. UNFI is undergoing a major transformation aimed at improving its margins and cash flow. The company's strategic initiatives include optimizing its network, reducing capital expenditures, cutting costs and lowering net working capital. By focusing on these areas, UNFI aims to build on the $150 million in expense efficiencies already achieved. This transformation is designed to enhance operational efficiency and long-term value for stakeholders.
UNFI’s Strategic Investments and Operational Efficiency
United Natural Foods is planning to invest around $300 million in capital expenditures for the fiscal 2025. This investment will be directed toward maintenance, network enhancements and technology upgrades. The goal is to optimize resource allocation, strengthen the business and enhance its balance sheet. This includes investing in labor for distribution centers and transportation, which has already shown improvements in staff turnover and operational throughput.
United Natural is also making strides in improving its supply chain processes and management disciplines to fuel growth. In this regard, UNFI is achieving a major reduction in shrink. Recent improvements have brought the wholesale margin closer to pre-COVID levels, showing that the company is effectively addressing operational challenges. This focus on enhancing supply chain management and reducing shrink is expected to boost profitability further.
How Inflation and E-commerce Are Shaping UNFI’s Future
A notable development is a decline in inflation rates, which eased some economic pressures on United Natural. Product inflation dropped to around 2%. The company anticipates this trend to continue. However, food prices remain elevated, which could still impact consumer spending.
In addition to managing inflation, UNFI is leveraging its e-commerce strengths. The company introduced several digital platforms, including the Community Marketplace, designed to help emerging brands reach grocery wholesalers. This initiative allows customers to access a broader range of products and supports the company's goal of expanding its e-commerce presence.
Ongoing Struggles for United Natural
Despite these positive developments, United Natural Foods faces significant challenges. The retail segment has been fragile, with a 4.5% year-over-year decline in sales in third-quarter fiscal 2024. This downturn stemmed from reduced consumer spending and heightened price sensitivity. The retail sector is also experiencing increased competition and shifting consumer preferences, which are affecting overall sales performance.
Margin pressure is another concern. The company's gross margin contracted slightly in the quarter, reflecting reduced procurement gains and a lower retail gross margin. Persistent margin pressures are likely to continue impacting profitability, making it a critical area to watch.
United Natural has struggled with reduced volumes as consumers turn to discount stores and online shopping for better value. The company’s quarterly net sales registered a minimal decline, but ongoing volume declines could further strain performance.
What Should UNFI Investors Do Next?
In summary, United Natural Foods is actively working to improve its financial health through strategic investments and operational enhancements. While there are promising signs, such as reduced shrinkage and e-commerce growth, the company must address significant challenges, including margin pressures and weak retail performance. We suggest that investors maintain a cautious approach in approaching UNFI stock, balancing potential rewards with the risks inherent in the current situation.
The Zacks Rank #3 (Hold) company’s shares have increased 6.5% in the past three months compared with the industry’s 8.6% growth.
Top 3 Staple Stocks
Here, we have highlighted three better-ranked food stocks, namely, The Chef's Warehouse CHEF, Ollie's Bargain Outlet OLLI and Flowers Foods FLO.
The Chef’s Warehouse, which engages in the distribution of specialty food products, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CHEF has a trailing four-quarter earnings surprise of 33.7%, on average. The Zacks Consensus Estimate for The Chef’s Warehouse’s current fiscal year sales and earnings each indicates growth of 9.7% and 12.6%, respectively, from the year-ago reported numbers.
Ollie's Bargain, the extreme-value retailer of brand-name merchandise, carries a Zacks Rank #2 (Buy). OLLI has a trailing four-quarter earnings surprise of 7.9%, on average.
The Zacks Consensus Estimated figure for Ollie's Bargain’s current financial-year sales and earnings each indicates a rise of around 8.7% and 12.7%, respectively, from the year-earlier figures.
Flowers Foods, one of the largest producers of packaged bakery foods in the United States, currently carries a Zacks Rank #2. FLO has a trailing four-quarter earnings surprise of 1.9%, on average.
The Zacks Consensus Estimate for Flowers Foods’ current financial-year sales and earnings each implies growth of around 1% and 4.2%, respectively, from the year-ago reported numbers.
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VANCOUVER, BC / ACCESSWIRE / August 30, 2024 /bettermoo(d) Food Corporation (CSE:MOOO)(OTCQB:MOOOF)(Frankfurt:0I5A, WKN: A3D8PP) (the "Company" or "bettermoo(d)") is pleased to announce that its current distributor and a market leader, United Natural Foods Canada, ("UNFI Canada" or the "Distribution Partner"), the largest publicly traded wholesale distributor delivering healthier food options to people throughout the United States and Canada1, is listing the Company's newly launched Moodrink™ Barista Edition (Moodrink Barista™ orthe "Product").
With 50 distribution centers across North America, United Natural Foods, Inc. ("UNFI"), the parent company of UNFI Canada, serves approximately 30,000 retail partners, ranging from natural product superstores to independent retailers, conventional supermarket chains, e-commerce providers, and food service customers2. Through UNFI Canada, bettermoo(d) can tap into its expansive Canadian distribution network, which includes over 5,000 retailers and features some of Canada's most prominent grocery chains.
bettermoo(d) is looking to emulate the success of its flagship dairy alternative, Moodrink™, which has already reached over 500 retail locations across Canada (see Company press release dated August 16, 2024). With the launch of Moodrink Barista™, the Company plans to apply the same rapid expansion strategy, aiming to introduce this new SKU to a wide audience through UNFI Canada's extensive distribution network.
"Our rapid listing with UNFI Canada, we believe, reflects the strong demand for our Moodrink Barista™ and the market's eagerness for this innovative product. The aim is to get our Product on as many shelves as possible and broaden our presence and reach across Canada. We're excited about the journey ahead as we continue to introduce innovative dairy alternatives to consumers in Canada and further afield," said Nima Bahrami, CEO of bettermoo(d).
Moodrink Barista™ is carefully crafted with premium ingredients to emulate the taste of dairy from the Alpine regions of Switzerland, France, and Austria. It offers a rich and creamy flavour that mirrors traditional dairy, without any gums or added sugars, delivering an authentic bettermoo(d) taste experience while supporting a plant-based and ethical lifestyle. Each serving offers five grams of plant protein and is enriched with heart-healthy high oleic sunflower oil and calcium. Ideal for coffee, lattes, cappuccinos, and even baking or cooking, Moodrink Barista™ not only enhances your coffee experience with exceptional frothing but also adds depth and richness to various recipes, making it a versatile choice for both beverages and culinary applications.
Under the Agreement, the Distribution Partner will be entitled to a commission on product distribution through its network.
ABOUT BETTERMOO(D) FOOD CORPORATION
bettermoo(d) Food Corporation is an innovative plant-based dairy alternative food and beverage company based in Vancouver, British Columbia Canada, launching Moodrink™, a nutritious dairy-alternative beverage with a revolutionary flavour. Moodrink™ includes a blend of herbs and flowers similar to what cows ate, before the time of mass livestock production. Like rich dairy products, Moodrink™ contains added healthy plant fats and vitamins, so consumers don't miss out. The "Moodrink" is just the beginning of the revolution for the Vancouver based dairy-alternative company, bettermoo(d).
Driven by the motto "What A Cow Eats and A Human Needs" bettermoo(d) seeks to produce dairy alternative products that are good for both people and the planet - ensuring that all products are nutritious and sustainably sourced, and that also emulate the great taste of traditional milk from the Alps regions of Switzerland, France and Austria. Working with food scientists, the Company's goal is to conduct continuous food research and development programs with the aim of rolling out a full line of dairy alternative products, including Moogurt and Buetter, as well as many other products, that are better for YOU and better for the planet.
ON BEHALF OF THE BOARD of DIRECTORS Nima Bahrami Chief Executive Officer and Directorbettermoo(d) Food Corporation
For further information please contact: Email: investors@bettermoodfoodcorporation.com Website: www.bettermoo.com Phone: 1-855-715-1865
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news contains forward looking statements and forward looking information (collectively, "Forward-Looking Statements") within the meaning of the applicable Canadian and U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the anticipated market demand for the Product, as well as with respect to the anticipated size and growth of the dairy alternatives market and opportunities for growth therein, are forward-looking statements. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. There is no assurance that the Company will be successful in marketing the Product, as contemplated or at all. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
1https://ir.unfi.com/home/default.aspx2https://www.betterforall.unfi.com/report.html
SOURCE: bettermoo(d) Food Corporation
Campbell Soup came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.61%. A quarter ago, it was expected that this maker of canned soup, Pepperidge Farm cookies and V8 juice would post earnings of $0.70 per share when it actually produced earnings of $0.75, delivering a surprise of 7.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Campbell, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $2.29 billion for the quarter ended July 2024, missing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $2.07 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Campbell shares have added about 16.1% since the beginning of the year versus the S&P 500's gain of 17.2%.
What's Next for Campbell?
While Campbell has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Campbell: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.93 on $2.8 billion in revenues for the coming quarter and $3.23 on $10.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, United Natural Foods , has yet to report results for the quarter ended July 2024.
This organic and specialty foods distributor is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +68%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
United Natural Foods' revenues are expected to be $7.87 billion, up 6.2% from the year-ago quarter.
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