United Natural Foods: Analysts Expect Positive Earnings Results

☀️United Natural Foods (UNFI) is set to release their third quarter earnings results on June 7th, 2023 at 8:30 AM EST. In this article, we will analyze UNFI’s financials and other relevant data to give investors an idea of what to expect from the upcoming earnings call.

Fundamental Analysis

	ReportDate	NetIncome	TotalRevenue	DilutedEPS	unit
Q2	2023-01-31	19.0	7816.0	0.31	million USD
Q1	2022-10-31	66.0	7532.0	1.07	million USD
Q4	2022-07-31	39.0	7273.0	0.63	million USD
Q3	2022-04-30	67.0	7242.0	1.10	million USD
Q2	2022-01-31	66.0	7416.0	1.08	million USD

Looking at UNFI’s past year financials, we can see that they have had a mixed performance. Their Q2 net income was only $19 million with a diluted EPS of $0.31 million USD, while Q1 was much stronger at $66 million with a diluted EPS of $1.07 million USD. This shows some variability in their earnings performance over the past year, but the overall trend remains positive.

In terms of revenue, UNFI has maintained a steady growth rate over the past year with total revenue at $7,816 million USD in Q2 2023, up from $7,242 million USD in Q3 2022. Overall, their financials suggest that UNFI is a solid company with a positive outlook for future growth.

Technical Analysis

	since	low	high	change	change%
1D	2023-05-30	27.1	27.7	-0.4	-1.3
5D	2023-05-23	26.7	28.1	-0.2	-0.7
1M	2023-04-28	26.2	28.4	-0.0	-0.1
3M	2023-02-28	22.1	42.7	-13.5	-33.1

UNFI’s recent price performance has been somewhat volatile, with the stock price experiencing significant drops over the past few months. However, it is worth noting that the stock price has recently stabilized and even seen slight gains over the past week, suggesting a possible reversal of the downward trend.

Historical Guidance

Looking at UNFI’s past performance, we can see that their earnings results have typically been in line with analysts’ estimates. However, it is worth noting that their past year financials have shown some variability in earnings performance, so it will be important to closely scrutinize their Q3 earnings report for any signs of change.

Analysts Estimates

According to MorningStar consensus estimates, analysts are expecting UNFI to report an adjusted EPS of $0.76 for Q3 2023. This is unchanged from their estimate 7, 30, and 60 days ago, suggesting a high level of confidence in this estimate among analysts.

Encouraging Investors

Overall, UNFI’s financials provide a solid foundation for their upcoming earnings call. Their mixed performance over the past year should be taken into account, but the steady growth in revenue suggests a positive outlook for future earnings. While the recent price performance has been somewhat volatile, there are signs that the stock price may be stabilizing.

The analysts’ consensus estimate of $0.76 for the Q3 2023 adjusted EPS is unchanged from their estimate 7, 30, and 60 days ago, indicating a high level of confidence in this estimate among analysts. This makes it on the higher end of UNFI’s earnings performance over the past year, suggesting that investors can expect positive results.

Investors should tune in to the earnings call on June 7th to hear directly from UNFI’s management about the company’s performance and future plans. Despite the mixed results over the past year, there is reason to be confident in UNFI’s ability to continue growing and providing value to investors.