Diamond Foods, Inc. (DMND) Earnings: An Early Look

Page 1 of 2

Earnings season is winding down, with most companies already having reported their quarterly results. But there are still some companies left to report, and Diamond Foods, Inc. (NASDAQ:DMND) is about to release its quarterly earnings report. The key to making smart investment decisions with stocks releasing their quarter reports is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed kneejerk reaction to news that turns out to be exactly the wrong move.

Diamond Foods, Inc. (NASDAQ:DMND)The controversy that ensnared Diamond Foods, Inc. (NASDAQ:DMND) in late 2011 and early 2012 cost it what could have been a game-changing acquisition in the snack-foods space. Since then, the company has struggled to mount a comeback. Let’s take an early look at what’s been happening with Diamond Foods over the past quarter, and what we’re likely to see in its quarterly report on Monday.

Stats on Diamond Foods, Inc. (NASDAQ:DMND)

Analyst EPS Estimate $0.06
Year-Ago EPS $0.01
Revenue Estimate $239 million
Change From Year-Ago Revenue (8.9%)
Earnings Beats in Past 4 Quarters 2

Source: Yahoo! Finance.

Will Diamond Foods, Inc. (NASDAQ:DMND) leave investors hungry this quarter?
Analysts haven’t been very optimistic about Diamond Foods’ prospects over the past few months, as they’ve slashed their earnings estimates for the just-ended quarter in half, and lowered their calls for the full 2013 fiscal year by $0.04 per share. The stock, though, has bounced back substantially after apparently hitting bottom, up 16% since early December.

One big cause for analyst uncertainty has been the fact that Diamond had to restate all its earnings over the past two years in light of its ill-fated decision to use a controversial method of accounting for certain payments to farmers. In the aftermath of those restatements, Diamond hasn’t regained Wall Street’s confidence, especially given the huge consequences of its failure, which resulted in Diamond having to cancel its agreement to purchase the Pringles snack line from The Procter & Gamble Company (NYSE:PG).

But last month, investor interest in Diamond has heated up, with BlackRock, Inc. (NYSE:BLK) having disclosed a nearly 8% stake in the snack-food maker. Blackrock’s move doesn’t appear to have activist intentions, and investors are taking the move as a sign of support for new CEO Brian Driscoll, who has experience handling snack foods from his time at Hostess Brands.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!