Cal-Maine Foods Inc reports results for the quarter ended in May - Earnings Summary

Cal-Maine Foods

23/07/2024 22:01

* Cal-Maine Foods Inc  CALM.OQ  reported quarterly adjusted
earnings of $2.32​​ per share for the quarter ended in May,
higher than the same quarter last year, when the company
reported EPS of $2.27.  The mean expectation of three analysts
for the quarter was for earnings of $1.85 per share. Wall Street
expected results to range from $1.31  to $2.39 per share.
    * Revenue fell 7% to $640.79 million from a year ago;
analysts
expected $608.66 million. 
    * Cal-Maine Foods Inc's reported EPS for the quarter was
$2.32​.
    * The company reported quarterly net income of $113.24
million.
    * Cal-Maine Foods Inc shares had risen by 5.5% this
quarter and
gained 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 41.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the fishing &
farming
peer group is also "hold"

Wall Street's median 12-month price target for Cal-Maine Foods
Inc is $62.50 
This summary was machine generated from LSEG data July 23 at
09:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2024      1.85           2.32           Beat
 Feb. 29 2024      2.46           2.37           Missed
 Nov. 30 2023      0.83           0.35           Missed
 Aug. 31 2023      0.33           0.02           Missed