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

Del Monte

03/05/2023 14:32

* Fresh Del Monte Produce Inc  FDP.N  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue fell 0.7% to $1.13 billion from a year ago;
analysts
expected $1.16 billion. 
    * Fresh Del Monte Produce Inc's reported EPS for the quarter
was
81 cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.2%
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 fallen by 5.1% this
quarter and gained 9.1% so far this year.
    * The company reported quarterly net income of $39 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 May
3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.60           0.55           Missed
 Dec. 31 2022      -0.04          0.45           Beat
 Sep. 30 2022      0.10           0.54           Beat
 Jun. 30 2022      0.79           0.43           Missed