Fresh produce company Dole (NYSE: DOLE) will be reporting earnings this Monday before the bell. Here’s what you need to know.
Dole beat analysts’ revenue expectations by 11.2% last quarter, reporting revenues of $2.43 billion, up 14.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is Dole a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Dole’s revenue to grow 4.6% year on year to $2.16 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dole has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.7% on average.
Looking at Dole’s peers in the perishable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vital Farms delivered year-on-year revenue growth of 37.2%, beating analysts’ expectations by 3.7%, and Pilgrim's Pride reported revenues up 3.8%, topping estimates by 0.8%. Vital Farms traded up 11% following the results while Pilgrim's Pride’s stock price was unchanged.
Read our full analysis of Vital Farms’s results here and Pilgrim's Pride’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the perishable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. Dole is up 2.1% during the same time and is heading into earnings with an average analyst price target of $17.50 (compared to the current share price of $13.14).
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