Dole PLC reports results for the quarter ended in March - Earnings Summary

Dole

15/05/2024 14:30

* Dole PLC  DOLE.N  reported quarterly adjusted earnings of
43
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 34
cents.  The mean expectation of four analysts for the quarter
was for earnings of 31 cents per share. Wall Street expected
results to range from 30 cents to 32 cents per share.
    * Revenue rose 6.6% to $2.12 billion from a year ago;
analysts
expected $2.12 billion. 
    * Dole PLC's reported EPS for the quarter was 74 cents​.
    * The company reported quarterly net income of $70.14
million.
    * Dole PLC shares had risen by 2.8% this quarter and
lost 0.2% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for Dole PLC is
$16.70 
This summary was machine generated from LSEG data May 15 at
01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.31           0.43           Beat
 Dec. 31 2023      0.08           0.16           Beat
 Sep. 30 2023      0.11           0.24           Beat
 Jun. 30 2023      0.34           0.51           Beat