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

Cal-Maine Foods

03/01/2024 22:01

* Cal-Maine Foods Inc  CALM.OQ  reported quarterly adjusted
earnings of 35 cents​​ per share for the quarter ended in
November, lower than the same quarter last year, when the
company reported EPS of $4.07.  The mean expectation of
three analysts for the quarter was for earnings of 83 cents per
share. Wall Street expected results to range from 69 cents to 91
cents per share.
    * Revenue fell 34.7% to $523.23 million from a year ago;
analysts
expected $525.39 million. 
    * Cal-Maine Foods Inc's reported EPS for the quarter was 35
cents​.
    * The company reported quarterly net income of $17.01
million.
    * Cal-Maine Foods Inc shares had fallen by 1.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 53.1%
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 $55.00 
This summary was machine generated from LSEG data January 3 at
10:00 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
 Nov. 30 2023      0.83           0.35           Missed
 Aug. 31 2023      0.33           0.02           Missed
 May. 31 2023      2.15           2.27           Beat
 Feb. 28 2023      5.47           6.62           Beat