Whole Foods Market, Inc. WFM is scheduled to release second-quarter fiscal 2016 results on May 4. The big question facing investors is, whether this retailer of natural and organic foods will be able to post a positive earnings surprise in the quarter to be reported. The company’s past performance reveals that it outperformed the Zacks Consensus Estimate in the first quarter of fiscal 2016, after missing the same in the fourth and third quarters of fiscal 2015. Let’s see how things are shaping up for this announcement.Zacks Model Shows Unlikely Earnings BeatOur proven model does not conclusively show that Whole Foods is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Whole Foods has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 41 cents. Moreover, the company carries a Zacks Rank #4 (Sell). We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.Factors Influencing this QuarterWhole Foods is revamping its pricing strategy and concentrating on value offerings. Moreover, it is launching a new store concept to target millennials and stave off competition. Analysts pointed out that increasing competition and aggressive pricing may weigh on Whole Foods’ quarterly performance as more and more companies are entering as well as expanding their presence in the Organic & Natural food business.Whole Foods Market Inc. (WFM) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Stocks Poised to Beat Earnings EstimatesHere are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:The Wendy's Company WEN has an Earnings ESP of +16.67% and a Zacks Rank #1 (Strong Buy).The Estée Lauder Companies Inc. EL has an Earnings ESP of +1.67% and a Zacks Rank #2 (Buy).The Kroger Co. KR has an Earnings ESP of +1.45% and a Zacks Rank #3 (Hold).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ESTEE LAUDER (EL): Free Stock Analysis Report WENDYS CO/THE (WEN): Free Stock Analysis Report KROGER CO (KR): Free Stock Analysis Report WHOLE FOODS MKT (WFM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research