Dole Food Company, Inc. (DOLE) 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 Dole Food Company, Inc. (NYSE:DOLE) is about to release its quarterly earnings. The key to making smart investment decisions with stocks releasing their quarterly 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 knee-jerk reaction to news that turns out to be exactly the wrong move.

Dole is a household name in fresh and canned fruit. But the food industry has been a tough place to make money recently, largely because of high costs.

Dole Food Company, Inc. (NYSE:DOLE)Let’s take an early look at what’s been happening with Dole Food over the past quarter and what we’re likely to see in its quarterly report on Tuesday.

Stats on Dole Food

Analyst EPS Estimate ($0.02)
Year-Ago EPS ($0.02)
Revenue Estimate $1.30 billion
Change From Year-Ago Revenue (15%)
Earnings Beats in Past 4 Quarters 2

Source: Yahoo! Finance.

Will Dole Food Company, Inc. (NYSE:DOLE) feed investors well this quarter?
Analysts have gotten a lot less optimistic about Dole’s prospects over the past few months. For the just ended-quarter, estimates have gotten cut all the way from an expected $0.11-per-share profit to the current loss call, and analysts have lopped $0.37 per share off their full-year 2013 expectations. The stock has barely budged, though, losing just half a percent since early December.

We’ve already gotten a hint that Dole’s report won’t be as good as investors had hoped coming into the quarter, because the company updated its guidance back in January in light of its decision to sell its packaged foods and Asian fresh fruit business to Japan’s Itochu for $1.7 billion back in September. Dole Food Company, Inc. (NYSE:DOLE) announced that earnings for the full 2013 year would come in between $45 million and $60 million, well below expectations, sending shares plunging. It also cited challenges in the banana market, where rival Chiquita Brands International, Inc. (NYSE:CQB) has offered value pricing to gain a market-share advantage.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!