Dole (DOLE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here is how Dole (DOLE) and Lifeway Foods (LWAY) have performed compared to their sector so far this year.
Dole (DOLE) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Fruit and vegetable distributor Dole (DOLE) reported second-quarter profit and sales that beat analysts' estimates, despite a drop in demand in some key markets.
Dole (DOLE) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.51 per share a year ago.
Dole plc has managed to maintain profitability despite taking on significant debt post-merger and facing supply chain challenges. The company has shown strong revenue and EBITDA growth over the last decade, with potential for deleveraging the balance sheet in the future. Selling a non-core asset in the vegetable business could help to accelerate deleveraging.
As stock markets reach new all-time highs, it's tough to find bargains among strong companies with frothy valuations. Steady and reliable may not be enough to excite the markets, but for value investors, these treats are hidden gems in plain sight.