Cal-Maine Foods Inc expected to post earnings of 83 cents a share - Earnings Preview

Cal-Maine Foods

01/01/2024 21:02

* Cal-Maine Foods Inc  CALM.OQ   CALM.O  is expected to show
a
fall in quarterly revenue when it reports  results on January 3
for the period ending August 31 2023
    * The Ridgeland Mississippi-based  company is expected to
report a
34.5% decrease in revenue to $525.391 million from $801.7
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cal-Maine Foods Inc is
for
earnings of 83 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cal-Maine
Foods
Inc is $55.00​, below​ its last closing price of $57.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Aug. 31 2023  0.34        0.33       0.02      Missed  -93.9
 May. 31 2023  1.83        2.15       2.27      Beat    5.6
 Feb. 28 2023  5.50        5.47       6.62      Beat    21.1​
 Nov. 30 2022  4.23        4.24       4.07      Missed  -4
 ​​Aug.        2.58        2.56       2.57      Beat    0.4
 31 2022                                                
 May. 31 2022  1.82        1.84       2.25      Beat    22.1​
 Feb. 28 2022  0.92        0.83       0.81      Missed  -2.4
 Nov. 30 2021  0.31        0.23       0.02      Missed  -91.2
 This summary was machine generated January 1 at 21:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)