For its first fiscal quarter (ending October 31), United Natural Foods Inc (NYSE: UNFI) has reported a -160% decline in E.P.S. from $1.12 a year ago to $-0.67 in the current quarter. This performance was $-0.33 short of the consensus estimate of $-0.34. For the latest four quarters through October 31, E.P.S. were $-1.38 versus $4.06 for the same period a year ago — a decline of -134%.
Recent Price Action
On 12/6/23, United Natural Foods Inc (NYSE: UNFI) stock suffered a large decline of -6.9%, closing at $15.20. Moreover, this decline was accompanied by unusually high trading volume at 195% of normal. Relative to the market the stock has been extremely weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, UNFI is expected to continue to be a modest Value Builder.
United Natural Foods has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. United Natural Foods has a very high Appreciation Score of 89 but a very low Power Rating of 8, triggering the Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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