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

Del Monte

01/11/2023 13:31

* Fresh Del Monte Produce Inc  FDP.N  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 54 cents.  The mean expectation of
two analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 37 cents to 48
cents per share.
    * Revenue fell 4.8% to $1.00 billion from a year ago;
analysts
expected $1.07 billion. 
    * Fresh Del Monte Produce Inc's reported EPS for the quarter
was
17 cents​.
    * The company reported quarterly net income of $8.4 million.
    * Fresh Del Monte Produce Inc shares had fallen by 3.3% this
quarter and lost 4.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.5%
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 $34.00 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.04          0.45           Beat