Fresh Del Monte (FDP) to Report Q4 Earnings: Revenue, Earnings Outlook

Fresh Del Monte Produce (NYSE:FDP) will release fourth-quarter results on Wednesday before the market opens. Analysts expect revenue of $1.01 billion, unchanged year-over-year, and adjusted EPS of $0.28. Last quarter, revenue was flat at $1.02 billion, while EBITDA and EPS exceeded estimates. Over the past two years, FDP has missed revenue forecasts five times. In the perishable foods sector, Tyson Foods reported 5.1% revenue growth (beating estimates by 2.7%) and Flowers Foods saw 11% growth (in line with consensus). Tyson's stock was unchanged post-earnings, while Flowers Foods fell 8.7%. FDP shares are up 9.5% in the last month amid positive sector sentiment, with an average price target of $46 versus the current $40.83.