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

Del Monte

02/05/2024 22:45

* Fresh Del Monte Produce Inc  FDP.N  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 55 cents.  The mean expectation of two analysts for the
quarter was for earnings of 61 cents per share. Wall Street
expected results to range from 60 cents to 61 cents per share.
    * Revenue fell 1.8% to $1.11 billion from a year ago;
analysts
expected $1.15 billion. 
    * Fresh Del Monte Produce Inc's reported EPS for the quarter
was
55 cents​.
    * The company reported quarterly net income of $26.1
million.
    * Fresh Del Monte Produce Inc shares had risen by 0.0% this
quarter and lost 1.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.6%
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 $31.50 
This summary was machine generated from LSEG data May 2 at 09:45
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
 Mar. 31 2024      0.61           0.34           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