The Country Caller reviews Whole Foods Market and Wynn Resorts’ earnings forecasts, before their respective announcements today
Whole Foods Market, Inc. (NASDAQ:WFM) and Wynn Resorts, Limited (NASDAQ:WYNN) will present their earnings results after the closing bell today. Whole Foods will announce data for fourth quarter of fiscal year 2016, while Wynn Resorts will announce Q3FY16 financials. WFM and WYNN have shown mixed results in the past. Earnings forecasts suggest that Whole Foods will miss Street’s top and bottom line estimates while Wynn will beat them.
The Texas-based company is expected by Wall Street to report 24 cents in profits per share today, meeting the higher end of the company’s guidance of 23-24 cents. Earningswhispers.com predicts that Whole Food will beat Street on EPS, and report 25 cents. If the Street estimate is met, profits per share will increase 50% year-over-year (YoY) over Q3FY15 EPS of 16 cents. For 2QFY16, it reported 37 cents in EPS.
Estimize and Wall Street forecast Whole Foods to announce about $3.51 billion in revenue for the quarter. The $8.99 billion company expects its net sales to go up 2% this season. The company reported $3.4 billion revenue for the same period of last year. In its last earnings call, it also announced net sales of $3.7 billion.
Wall Street believes Wynn will report profits per share that amount to 79 cents this season. If it does, EPS will grow 8.22% YoY but decline 25.7% sequentially. It announced $1.09 EPS for last quarter and 73 cents for the same period last year. Earningswhispers.com predicts today’s EPS to come in at 78 cents.
Thomson Reuters’ data suggests the consensus revenue estimate stands at $1.13 billion for Q3FY16. Estimize expects the company to beat the Street on top line today, with revenue of $1.14 billion. Last quarter it reported revenue of $1.06 billion. In Q3FY15, revenue came in at $996.3 million, indicating a 13.42% YoY increase for Wall Street analysts this time.