Seneca Foods Earnings Preview
Seneca Foods (NAS: SENEA) didn't meet the Street's expectations last quarter, but investors hope that it will rebound this quarter. The company will unveil its latest earnings on Thursday, Oct. 27. Seneca Foods is a producer and distributor of processed fruits and vegetables.
What analysts say:
- Buy, sell, or hold?: Half of analysts think investors should stand pat on Seneca Foods. Analysts haven't adjusted their rating of Seneca Foods for the past three months.
- Revenue forecasts: On average, analysts predict $292.1 million in revenue this quarter. That would represent a rise of 6% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is a loss of $0.04 per share. Estimates range from a loss of $0.06 to a loss of $0.02.
What our community says:
CAPS All-Stars are solidly backing the stock with 100% granting it an "outperform" rating. The community at large agrees with the All-Stars with 97.5% assigning it a rating of "outperform." Fools are bullish on Seneca Foods, though the message boards have been quiet lately with only 21 posts in the past 30 days. Even with a robust four out of five stars, Seneca Foods' CAPS rating falls a little short of the community's upbeat outlook.
The company's gross margin shrank by 9.2 percentage points in the last quarter. Revenue rose 17.8% while cost of sales rose 30.1% to $253.2 million from a year earlier.
One final thing: If you want to keep tabs on Seneca Foods movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published