look for WFM to blow away estimates when they report fourth Q earnings this Wednesday... They will come in at 65 cents on sales of $3.10 billion versis estimates of 60 cents and $2.91 billion. The problem is, Management will provide tepid guidance on first Q results which will fall below the street's estimates of 77 cents on sales of $3.89 billion. The fact that the company possesses a PEG ratio of over 2.0 and a PE ratio of 42 makes it a dangerous play at this juncture because the good news has already been baked in and then some...all I can say is be careful,,,
Low expectations, relative to past (out) performance. You're probably right. However, in the macroenvironment, they'd need to beat significantly to spike stock. Assuming a slight beat on both earnings and revenue, stock will likely drop a few percent today. It will outpace the market down over the next few weeks. Down pre-market, parallel to domestic stocks.