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

Del Monte

02/08/2024 24:43

* Fresh Del Monte Produce Inc  FDP.N  reported quarterly
adjusted
earnings of $1.06​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 96 cents.  The mean expectation of two analysts
for the quarter was for earnings of 60 cents per share. Wall
Street expected results to range from 53 cents to 67 cents per
share.
    * Revenue fell 3.5% to $1.14 billion from a year ago;
analysts
expected $1.18 billion. 
    * Fresh Del Monte Produce Inc's reported EPS for the quarter
was
$1.12​.
    * The company reported quarterly net income of $53.6
million.
    * Fresh Del Monte Produce Inc shares had risen by 14.6% this
quarter and lost 4.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.6%
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 $30.50 
This summary was machine generated from LSEG data August 1 at
11:43 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
 Jun. 30 2024      0.60           1.06           Beat
 Mar. 31 2024      0.61           0.34           Missed
 Dec. 31 2023      0.31           0.25           Missed
 Sep. 30 2023      0.43           0.35           Missed