Will United Natural (UNFI) Gain on Rising Earnings Estimates?

Core Viewpoint - United Natural Foods (UNFI) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding the earnings prospects of United Natural Foods is leading to higher estimates, which is expected to positively impact the stock price [2]. - The current-quarter earnings estimate is $0.39 per share, reflecting a year-over-year increase of +143.8%, with a 39.29% rise in the Zacks Consensus Estimate over the last 30 days [6]. - For the full year, the expected earnings are $1.90 per share, indicating a year-over-year change of +167.6%, with a similar positive trend in estimate revisions [7]. Zacks Rank and Performance - United Natural Foods has achieved a Zacks Rank 1 (Strong Buy), supported by strong agreement among analysts in raising earnings estimates, which historically correlates with stock price performance [3][8]. - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][8]. Stock Performance - The stock has gained 38.5% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects, suggesting it may be a good addition to investment portfolios [9].