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

Calavo Growers

12/03/2024 15:38

* Calavo Growers Inc  CVGW.OQ  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -8 cents.  The mean expectation of four analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 7 cents to 33 cents per share.
    * Revenue fell 43.6% to $127.61 million from a year ago;
analysts
expected $252.67 million. 
    * Calavo Growers Inc's reported EPS for the quarter was a
loss
of 35 cents​.
    * The company reported a quarterly loss of $6.27 million.
    * Calavo Growers Inc shares had fallen by 2.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the food
processing
peer group is  "hold."

Wall Street's median 12-month price target for Calavo Growers
Inc is $32.50 
This summary was machine generated from LSEG data March 12 at
03:38 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
 Jan. 31 2024      0.17           -0.01          Missed
 Oct. 31 2023      0.19           -0.33          Missed
 Jul. 31 2023      0.31           0.41           Beat
 Apr. 30 2023      0.18           -0.01          Missed