Dole (DOLE) Misses Q3 Earnings Estimates

Company Performance - Dole reported quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share, and down from $0.24 per share a year ago, representing an earnings surprise of -5% [1] - The company posted revenues of $2.06 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.14%, and up from $2.04 billion year-over-year [2] - Over the last four quarters, Dole has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Dole shares have increased approximately 36.5% since the beginning of the year, outperforming the S&P 500's gain of 25.5% [3] - The current status of estimate revisions for Dole is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.10 on revenues of $2.04 billion, and for the current fiscal year, it is $1.21 on revenues of $8.29 billion [7] - The outlook for the Agriculture - Operations industry, where Dole operates, is currently in the top 34% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]