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

Del Monte

02/08/2023 14:31

* Fresh Del Monte Produce Inc  FDP.N  reported quarterly
adjusted
earnings of 96 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 59 cents per share.
    * Revenue fell 2.6% to $1.18 billion from a year ago;
analysts
expected $1.22 billion. 
    * Fresh Del Monte Produce Inc's reported EPS for the quarter
was
99 cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Fresh Del Monte Produce Inc shares had risen by 2.9% this
quarter and gained 1.0% so far this year.
    * The company reported quarterly net income of $47.7
million.
    * Wall Street's median 12-month price target for Fresh Del
Monte
Produce Inc is $34.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.59           0.96           Beat
 Mar. 31 2023      0.60           0.55           Missed
 Dec. 31 2022      -0.04          0.45           Beat
 Sep. 30 2022      0.10           0.54           Beat