Dole Plc (DOLE) reported an earnings beat for its 4th quarter, ending 12/31/2022. Earnings per share got here in at $0.09, versus the anticipated $0.06.
The reported income of $2.36 billion represents development of three.91% in comparison with the earlier quarter, and development of 4.65% in comparison with the identical interval final 12 months.
For the 1st quarter, analysts venture earnings of $0.29 per share.
Typically, earnings bulletins have an effect on a inventory’s worth. See a historical past of earnings-related worth adjustments for DOLE inventory.
What’s Subsequent for Dole Plc, Submit-Earnings?
In accordance with TipRanks, the common analyst consensus on DOLE inventory is a Reasonable Purchase. This consensus is predicated on 1 analyst rankings made up to now 3 months. Dole Plc’s common worth goal of $17.00 implies upside potential of 43.70% from present ranges.
See our Earnings Calendar for a full record of this week’s earnings releases.
Backside Line
An earnings beat can signify constructive motion forward for a inventory’s worth. At present, DOLE worth is $11.83, indicating a 5-day drop of -2.07%.
About Dole Plc
Dole PLC by way of its subsidiaries operates within the North American and European markets for contemporary fruit and veggies. It has 4 reportable segments. The Recent Fruit section sells bananas, pineapples sourced from native growers or its owned and leased farms. The Recent Vegetable section sells Worth-Added Salads and Recent Packed Greens and salads together with iceberg, romaine and leaf lettuces, celery, and meal kits. The Diversified Recent Produce (EMEA) section sells quite a lot of imported and native contemporary fruit and veggies by way of retail, wholesale, and foodservice channels throughout the European market. The Diversified Recent Produce (Americas & ROW) section consists of its U.S., Canadian, Chilean and Indian companies, all of which market globally and domestically sourced contemporary produce..
Study extra about DOLE financials right here
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