Calavo Growers Inc reports results for the quarter ended October 31 - Earnings Summary

Calavo Growers

14/01/2025 22:44

* Calavo Growers Inc  CVGW.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended October
31, higher than the same quarter last year, when the company
reported EPS of -33 cents.  The mean expectation of
three analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 25 cents to 34
cents per share.
    * Revenue fell 29.5% to $169.96 million from a year ago;
analysts
expected $161.93 million. 
    * Calavo Growers Inc's reported EPS for the quarter was a
loss of
1 cent​.
    * The company reported a quarterly loss of $139 thousand.
    * Calavo Growers Inc shares had fallen by 7.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Calavo Growers
Inc is $35.00 
This summary was machine generated from LSEG data January 14 at
10:42 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 2024      0.30           0.05           Missed
 Jul. 31 2024      0.43           0.57           Beat
 Apr. 30 2024      0.36           0.50           Beat
 Jan. 31 2024      0.17           -0.01          Missed