DOLE Earnings Prediction
The chart below shows how DOLE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DOLE sees a -2.00% change in stock price 10 days leading up to the earnings, and a +0.96% change 10 days following the report. On the earnings day itself, the stock moves by +1.27%. This data can give you a slight idea of what to expect for the next quarter's release.
DOLE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.06B
0.97%
-2.90%
Gross Margin
7.95%
-2.45%
-15.78%
Operating Margin
2.64%
23.94%
-31.43%
Net Margin
0.73%
-73.16%
-72.35%
EPS
0.15
-68.75%
-82.14%
No Data Available
DOLE Earnings Analysis
Dole plc Corporation (DOLE.N) Earnings Conference Call
Positive
Revenue Performance Improvement: 1. Revenue Growth: Group reported revenue increased by 1% year-over-year, with a 5.8% increase on a like-for-like basis, indicating strong operational performance across all segments.
Adjusted EBITDA Increase: 2. Adjusted EBITDA Performance: Adjusted EBITDA reached $82 million, which was 2.3% higher than the prior year on a like-for-like basis, driven by strong performance in the Diversified Americas segment.
Debt Management Success: 3. Debt Reduction: The company achieved a $36 million decrease in absolute debt, resulting in a further reduction of leverage to 1.86x, showcasing effective cash management and capital allocation.
Fresh Fruit Revenue Increase: 4. Fresh Fruit Segment Success: The Fresh Fruit division saw a revenue increase of 6.6%, primarily due to higher worldwide volumes and pricing of bananas, demonstrating strong demand and pricing power.
Dividend Declaration Announcement: 5. Dividend Declaration: Dole plc declared a dividend of $0.08 for the third quarter, reflecting the company's commitment to returning cash to shareholders and financial stability.
Negative
Adjusted EBITDA Decline: 1. Decline in Adjusted EBITDA: Adjusted EBITDA decreased by 3.7% or $3.1 million compared to the prior year, primarily driven by decreases in the Fresh Fruit and Diversified EMEA segments.
Net Income Decline: 2. Significant Drop in Net Income: Net income for Q3 2024 was $21.5 million, which is $32.5 million lower than Q3 2023, largely due to a prior year exceptional gain of $28.8 million from the sale of land.
Decline in Adjusted Net Income: 3. Lower Adjusted Net Income: Adjusted net income fell to $18 million, reflecting a decrease mainly due to lower adjusted EBITDA and higher income tax expenses compared to the previous year.
EMEA EBITDA Decline: 4. Decline in Diversified EMEA Adjusted EBITDA: The Diversified EMEA segment experienced a 13.1% decline in adjusted EBITDA, primarily due to higher one-off IT charges and temporary supply issues.
Progressive Produce Sale Impact: 5. Impact of Progressive Produce Sale: The sale of Progressive Produce negatively impacted overall revenue and EBITDA, with an estimated $25 million effect on full-year EBITDA projections.
DOLE FAQs
How does DOLE typically perform around its earnings report dates?
Is Dole plc (DOLE) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
DOLE Earning Call Sentiment
Dole plc (DOLE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DOLE.N
0%Positive
The earnings call summary presents a mixed but overall positive outlook. While there are challenges like weather impacts and increased shipping costs, the company has raised its EBITDA target and reduced leverage. Revenue growth in key segments and a dividend declaration are positive signs. The Q&A section indicates optimism in product demand and operational improvements. The company's small market cap suggests a potential stronger stock reaction. Therefore, despite some concerns, the overall sentiment leans towards a positive stock price movement in the short term.
