Stone-Cold Earnings Lock of the Week
Whole Foods Market (NASDAQ: WFM)
The organic grocer reports results for the quarter ending March 31, 2012 on Wednesday after the market closes. Wall Street is expecting Whole Foods (WFM) to make 59 cents per share in the quarter. That estimate is a penny per share higher than 90 days ago.
The company has exceeded estimates in each of the last four quarters, and shares of Whole Foods have gained more than 30% in the last year. Analysts are expecting profits to grow by 15% from the current fiscal year ending Sept. 30, 2012, to the next. At current prices, shares trade for 36 times current fiscal year estimated earnings.