Calavo Growers Inc reports results for the quarter ended in April - Earnings Summary

Calavo Growers

06/06/2023 22:02

* Calavo Growers Inc  CVGW.OQ  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in April. The mean
expectation of four analysts for the quarter was for earnings of
18 cents per share.
    * Revenue fell 26.2% to $244.69 million from a year ago;
analysts
expected $265.20 million. 
    * Calavo Growers Inc's reported EPS for the quarter was a
loss
of 23 cents​.
    * The mean earnings estimate of analysts had fallen by
about 43.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Calavo Growers Inc shares had risen by 13.3% this
quarter and
gained 10.9% so far this year.
    * The company reported a quarterly loss of $4 million.
    * Wall Street's median 12-month price target for Calavo
Growers
Inc is $35.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      0.18           -0.01          Missed
 Jan. 31 2023      0.24           -0.08          Missed
 Oct. 31 2022      0.33           0.03           Missed
 Jul. 31 2022      0.35           0.16           Missed