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

Calavo Growers

31/01/2024 22:35

* Calavo Growers Inc  CVGW.OQ  reported a quarterly adjusted
loss
of 33 cents​​ per share for the quarter ended in October, lower
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of four analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 1 cents to 29 cents per share.
    * Revenue fell 1% to $241.18 million from a year ago;
analysts
expected $263.40 million. 
    * Calavo Growers Inc's reported EPS for the quarter was a
loss
of 45 cents​.
    * The company reported a quarterly loss of $7.91 million.
    * Calavo Growers Inc shares had fallen by 6.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 48.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $36.50 
This summary was machine generated from LSEG data January 31 at
10:35 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
 Oct. 31 2023      0.19           -0.33          Missed
 Jul. 31 2023      0.31           0.41           Beat
 Apr. 30 2023      0.18           -0.01          Missed
 Jan. 31 2023      0.24           -0.08          Missed