Here's What to Expect When Whole Foods Reports Earnings
Whole Foods Market (NASDAQ: WFM) reports its fiscal third-quarter earnings on Wednesday after the close of trading. In mid-June, the natural and organic foods grocer announced a departure from the public markets via its sale to Amazon.com (NASDAQ: AMZN). With the transaction slated to close "in the second half of 2017," it's possible that this could be Whole Foods' last reported quarter as a public company.
Given that the iconic non-conventional grocer will soon join the Amazon juggernaut, and shares have now settled within cents of Amazon's offer of $42 per share, why should investors pay attention to this report?
Several persuasive reasons exist. First, and most obviously, until the closing transaction press release is issued, nothing's settled. Shareholders should understand that a chance always exists, however small, that a proposed corporate marriage will hit the rocks before nuptials occur. So if you own a stake in Whole Foods, it's prudent to pay attention to earnings, just in case.
Source: Fool.com
Amazon.com Inc. Stock
The stock is an absolute favorite of our community with 145 Buy predictions and no Sell predictions.
As a result the target price of 188 € shows a slightly positive potential of 9.57% compared to the current price of 171.58 € for Amazon.com Inc..
