Stock Update (NASDAQ:WFM): Whole Foods Market, Inc. Announces Third Quarter Earnings Conference Call and Webcast

[GlobeNewswire] – AUSTIN, Texas, July 06, 2016– Whole Foods Market, Inc. today announced it will issue financial results for the Company’ s third fiscal quarter ending July 3, 2016, after the market closes on Wednesday, … Read more on this. Whole Foods Market, Inc. (WFM) , currently valued at $10.65B, started trading this morning at $32.35. Shares have traded today between $32.31 and $33.25 per share with its 52-week range being $28.07 to $41.97. WFM shares are currently priced at 21.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 25.25x earnings multiple. According to a consensus of 24 analysts, the earnings estimate of $0.37 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.53 is a $0.08 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.73 Billion. If reported, that would be a 2.75% increase over the year-ago quarter. Recently, Northcoast downgraded WFM from Neutral to Sell (Jun 15, 2016). Previously, Credit Suisse upgraded WFM from Neutral to Outperform. With the above information in mind, readers should note that the average price target is $30.24, which is 6.52% below where the stock opened this morning. See more in (NASDAQ:WFM) Similar Articles: Market Update (NYSE:DOV): Dover Announces First Quarter 2016 Earnings Release Date, Conference Call and Webcast Stock Update: Whole Foods Market Inc (NASDAQ:WFM) – Whole Foods Market Expands Partnership with Coalition of Immokalee Workers Stock Update: Whole Foods Market Inc (NASDAQ:WFM) – Whole Foods Market® and Instacart Announce New Markets, Growth Plans