Fresh Del Monte Produce Inc reports results for the quarter ended in December - Earnings Summary

Del Monte

26/02/2024 14:30

* Fresh Del Monte Produce Inc  FDP.N  reported quarterly
adjusted
earnings of 25 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
two analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 29 cents to 32
cents per share.
    * Revenue fell 3% to $1.01 billion from a year ago; analysts
expected $1.03 billion. 
    * Fresh Del Monte Produce Inc's reported EPS for the quarter
was a
loss of $2.22​.
    * The company reported a quarterly loss of $106.4 million.
    * Fresh Del Monte Produce Inc shares had fallen by 8.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for Fresh Del Monte
Produce Inc is $31.50 
This summary was machine generated from LSEG data February 26 at
02:30 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
 Dec. 31 2023      0.31           0.25           Missed
 Sep. 30 2023      0.43           0.35           Missed
 Jun. 30 2023      0.59           0.96           Beat
 Mar. 31 2023      0.60           0.55           Missed