We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Things to Consider Before Flowers Foods' (FLO) Q3 Earnings
Read MoreHide Full Article
Flowers Foods, Inc. (FLO - Free Report) is likely to register top-line growth when it reports third-quarter fiscal 2022 earnings on Nov 10. The Zacks Consensus Estimate for quarterly revenues is pegged at $1,141 million, suggesting a rise of 11.3% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 28 cents per share, indicating a 6.7% decline from the figure reported in the prior-year quarter.
We expect fiscal third-quarter net revenues to be up 11.2% year over year to $1,142.5 million and the bottom line to decline 7% to 28 cents a share.
The packaged bakery products company has a trailing four-quarter earnings surprise of 10.4%, on average. FLO delivered an earnings surprise of 14.8% in the last reported quarter.
Flowers Foods’ is benefiting from robust demand for its products in the retail channels. The company’s focus on core priorities — developing its team, concentrating on brands, prioritizing margins and looking out for prudent mergers and acquisitions — bode well. The company is undertaking innovation in its leading brands, which have been yielding well. We believe that the persistence of these factors might have been an upside to the quarter to be reported.
That said, Flowers Foods is battling major hurdles due to cost inflation and supply-chain bottlenecks. In this regard, rising materials, supplies, labor and other production costs are a concern. Management, in its last earnings call, highlighted that it expects inflation to remain a deterrent that will likely reach its peak in the third quarter. That said, the company’s strategic pricing actions have been a breather.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Flowers Foods this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Flowers Foods carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
Stocks With Favorable Combination
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat earnings this season.
The J. M. Smucker Company (SJM - Free Report) currently has an Earnings ESP of +1.06% and a Zacks Rank #1. The company is expected to register a decrease in the bottom line when it reports second-quarter fiscal 2023 results. The Zacks Consensus Estimate for the quarterly earnings per share of $2.17 suggests a dip of 10.7% from the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Smucker’s top line is anticipated to have increased year over year. The consensus mark for SJM’s revenues is pegged at $2.16 billion, indicating an increase of 5.2% from the figure reported in the year-ago quarter. Smucker has a trailing four-quarter earnings surprise of 20.8%, on average.
DICK'S Sporting Goods (DKS - Free Report) currently has an Earnings ESP of +17.23% and a Zacks Rank of 3. The company is likely to register declines in the top and bottom lines when it reports third-quarter fiscal 2022 numbers. The consensus mark for DKS’ quarterly earnings has moved up 1.4% in the past 30 days to $2.24 per share. However, the consensus estimate suggests a 29.8% decline from the year-ago quarter’s reported number.
The Zacks Consensus Estimate for DICK'S quarterly revenues is pegged at $2.7 billion, which suggests a decline of 1.7% from the figure reported in the prior-year quarter. DKS has a trailing four-quarter earnings surprise of 21.4%, on average.
Dollar Tree (DLTR - Free Report) currently has an Earnings ESP of +6.57% and a Zacks Rank of 3. The company is likely to register top and bottom-line growth when it reports third-quarter fiscal 2022 results. The consensus mark for DLTR’s quarterly revenues is pegged at $6.83 billion, which suggests 6.5% growth from the figure reported in the prior-year quarter.
The consensus mark for DLTR’s quarterly earnings has been unchanged in the past 30 days at $1.16 per share. The consensus estimate suggests growth of 20.8% from the year-ago quarter. DLTR has a trailing four-quarter earnings surprise of 8.6%, on average.
Image: Bigstock
Things to Consider Before Flowers Foods' (FLO) Q3 Earnings
Flowers Foods, Inc. (FLO - Free Report) is likely to register top-line growth when it reports third-quarter fiscal 2022 earnings on Nov 10. The Zacks Consensus Estimate for quarterly revenues is pegged at $1,141 million, suggesting a rise of 11.3% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 28 cents per share, indicating a 6.7% decline from the figure reported in the prior-year quarter.
We expect fiscal third-quarter net revenues to be up 11.2% year over year to $1,142.5 million and the bottom line to decline 7% to 28 cents a share.
The packaged bakery products company has a trailing four-quarter earnings surprise of 10.4%, on average. FLO delivered an earnings surprise of 14.8% in the last reported quarter.
Flowers Foods, Inc. Price and EPS Surprise
Flowers Foods, Inc. price-eps-surprise | Flowers Foods, Inc. Quote
Things To Consider
Flowers Foods’ is benefiting from robust demand for its products in the retail channels. The company’s focus on core priorities — developing its team, concentrating on brands, prioritizing margins and looking out for prudent mergers and acquisitions — bode well. The company is undertaking innovation in its leading brands, which have been yielding well. We believe that the persistence of these factors might have been an upside to the quarter to be reported.
That said, Flowers Foods is battling major hurdles due to cost inflation and supply-chain bottlenecks. In this regard, rising materials, supplies, labor and other production costs are a concern. Management, in its last earnings call, highlighted that it expects inflation to remain a deterrent that will likely reach its peak in the third quarter. That said, the company’s strategic pricing actions have been a breather.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Flowers Foods this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Flowers Foods carries a Zacks Rank #3 and has an Earnings ESP of 0.00%.
Stocks With Favorable Combination
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat earnings this season.
The J. M. Smucker Company (SJM - Free Report) currently has an Earnings ESP of +1.06% and a Zacks Rank #1. The company is expected to register a decrease in the bottom line when it reports second-quarter fiscal 2023 results. The Zacks Consensus Estimate for the quarterly earnings per share of $2.17 suggests a dip of 10.7% from the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Smucker’s top line is anticipated to have increased year over year. The consensus mark for SJM’s revenues is pegged at $2.16 billion, indicating an increase of 5.2% from the figure reported in the year-ago quarter. Smucker has a trailing four-quarter earnings surprise of 20.8%, on average.
DICK'S Sporting Goods (DKS - Free Report) currently has an Earnings ESP of +17.23% and a Zacks Rank of 3. The company is likely to register declines in the top and bottom lines when it reports third-quarter fiscal 2022 numbers. The consensus mark for DKS’ quarterly earnings has moved up 1.4% in the past 30 days to $2.24 per share. However, the consensus estimate suggests a 29.8% decline from the year-ago quarter’s reported number.
The Zacks Consensus Estimate for DICK'S quarterly revenues is pegged at $2.7 billion, which suggests a decline of 1.7% from the figure reported in the prior-year quarter. DKS has a trailing four-quarter earnings surprise of 21.4%, on average.
Dollar Tree (DLTR - Free Report) currently has an Earnings ESP of +6.57% and a Zacks Rank of 3. The company is likely to register top and bottom-line growth when it reports third-quarter fiscal 2022 results. The consensus mark for DLTR’s quarterly revenues is pegged at $6.83 billion, which suggests 6.5% growth from the figure reported in the prior-year quarter.
The consensus mark for DLTR’s quarterly earnings has been unchanged in the past 30 days at $1.16 per share. The consensus estimate suggests growth of 20.8% from the year-ago quarter. DLTR has a trailing four-quarter earnings surprise of 8.6%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.