Dole (NYSE:DOLE) will announce earnings results before market open on Monday. Last quarter, Dole beat revenue expectations by 2.4%, reporting revenues of $2.10 billion, down 1% year on year, but missed EBITDA and EPS estimates. This quarter, analysts expect revenue to grow 2.8% year on year to $2.18 billion, with adjusted earnings of $0.47 per share. Dole has a history of exceeding Wall Street’s expectations, beating revenue estimates by 3.3% on average over the past two years. In a challenging environment, Dole is up 1.6% over the last month with an average analyst price target of $16.67.

Peers in the perishable food segment, Vital Farms and Fresh Del Monte Produce, reported strong Q2 results, with revenue growth of 25.4% and 3.8% respectively, beating estimates. Dole is set to follow suit. While the perishable food group has generally underperformed, Dole is positioned for success. In the AI sector, Nvidia and AMD are thriving, but a lesser-known semiconductor stock is also benefiting from AI growth.

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Read more at Stockstory.org – Barchart: What To Look For From DOLE