Landec Corp (LNDC)

[richardred]

If this is any indication of what's to come for LNDC's APIO division. APIO had a last good quarter and now will inclue Greenline. Zack's comments on Del Monte.

Fresh Del Monte Shares Rebound And Look Attractive

Fresh Del Monte Produce (FDP) has seen a big rise in earnings estimates following its most recent quarter making it a Zacks #1 Rank (Strong Buy).

Fresh Del Monte Produce sells fresh and fresh-cut produce worldwide. It also offers prepared fruit and vegetables, juices, beverages, snacks, poultry, and meat products.


It offers fresh produce primarily under the Del Monte brand, as well as under the UTC and Rosy names; and prepared fruits and vegetables, juices, beverages, and snacks under the Del Monte, Fruit Express, Just Juice and Fruitini brands. Fresh Del Monte Produce was founded in 1886 and is based in George Town, Cayman Islands.

FDP has a market cap of $1.4 billion and its competitors include Dole Food Company (DOLE), which has a market cap of $836.4 million, Total Produce plc, and the much smaller Chiquita Brands International (CQB), which has a market cap of $261.8 million.

Fresh Del Monte Produce Meets or Beats the Estimate in Three of the Last Five Quarters

Fresh Del Monte Produce has met or topped the Zacks Consensus Estimate in three of the last five quarters. Despite the three beats, the stock only moved up two times in that time frame and moved lower by 1.9% on average over the last five quarters. Besides the most recent beat, the stock moved higher following the March 2011 earnings release.

In the March 2011 quarter, the stock rose nearly 1% following a 28% positive earnings surprise. FDP reported earnings of $0.96, $0.21 more than the Zacks Consensus Estimate . Revenues of $974 million were approximately $27 more than the Zacks Consensus Estimate.

Fresh Del Monte Produce Most Recent Reported Earnings

On May 1, 2012 FDP reported revenue of $898 million, roughly $48 million lower than the Zacks Consensus Estimate and down from $974 million reported in year ago quarter. In addition, earnings per share came in at $1.08, $0.26 higher than the Zacks Consensus Estimate of $0.82. The beat of 31% helped to propel the stock higher by about 6.5% in the session following the release.
http://www.forbes.com/sites/zacks/2012/05/10/fresh-del-monte-shares-rebound-and-look-attractive/?partner=yahootix