H.J. Heinz Company (NYSE:HNZ) analysis estimated report feb 17 2012

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H.J. Heinz Company (NYSE:HNZ) analysis estimated report feb 17 2012
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H.J. Heinz Company (NYSE:HNZ) will unveil its latest earnings on Friday, February 17, 2012. The average analyst estimate is for net income of 85 cents per share, a rise of 1.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 90 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 86 cents during the last month. Analysts are projecting profit to rise by 8.1% versus last year to $3.33.

The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 81 cents per share, and the previous quarter, it had net income of 78 cents. Analysts are projecting a rise of 6.3% in revenue from the year-earlier quarter to $2.89 billion.....READ RESOURCES

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