Is Now the Right Time To Get In Whole Foods Market, Inc. (WFM) ?

Shares of Whole Foods Market, Inc. (NASDAQ:WFM) rose $9.62 during today’s regular trading session, a 29.10% increase from the previous closing price of $33.06. The company’s shares traded on stronger-than-usual volume today: $128.83M shares changed hands while the stock’s average volume is 7.46M shares per day. Whole Foods Market, Inc. (WFM) has gained $6.19, or +16.96%, in the last 30 days. This year-to-date, the company’s shares have increased $11.92, or +38.75%. Over the last 12 months, WFM’s stock price has risen $11.86, or +38.48%. The company’s 52-week range is $27.67 to $38.29.

What Whole Foods Market, Inc. (WFM) History Tell’s Us

Whole Foods Market, Inc. announced its recent quarter financial results after the market close on 10/05/2017, crushing consensus estimates with both its revenue and earnings. Whole Foods Market, Inc. posted net revenue of 3.74B, beating Wall Street analysts who had forecast $3.73B. The company reported EPS of $0.37, above the consensus estimate calling for EPS of $0.37 – a positive surprise of 0.46%.

Before that, quarter ending December 2016, Whole Foods Market, Inc. also surprised analysts by beating the consensus estimate. The Wall Street forecast had projected $0.39 per share, and the company reported EPS of $0.39 – also a 0.44% positive surprise. Revenue during the period amounted to $4.92B, while analysts were anticipating $4.98B.

In the quarter ending September 2016, Whole Foods Market, Inc. delivered an even larger earnings beat. Analysts, on average, were expecting $0.24 per share, and the company reported EPS of $0.28 – amounting to a positive surprise of 19.00%. Revenue during that quarter was posted at $3.5B, whereas the consensus estimate was predicting $3.5B.

The company is scheduled to announce its next quarterly financial results on 25/07/2017 after the market close. The average EPS estimate of 11 Wall Street analysts is $0.34 per share, compared to the company’s reported EPS of $0.37 per share in the year-ago quarter. Analysts are forecasting Whole Foods Market, Inc. to report revenue of about $3.73B, versus the $3.7B posted last year.

Whole Foods Market, Inc. (WFM) Consensus Price Target and Estimates

The company’s consensus rating is currently Hold, with 4 analysts rating it a Strong Buy, and 9 analysts rating it with a Hold. The average 12-month price target, as forecast by analysts, is $33.95, -20.45% lower than the company’s closing price today.

In Whole Foods Market, Inc. WFM ‘s latest quarter, EPS moved to $0.37 from $0.39 in preceding quarter and revenues reached at $3,737.00M compared to $4,918.00M. Analysts had expected Whole Foods Market, Inc. WFM to post net income of about $0.37 per share on $3,725.59M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $0.33 to $0.38. That is compared with the $0.37 in EPS it reported during the same period a year ago.