Avocado supplier Mission Produce hits more than 4-month high after upbeat results
09/09/2026 18:31
BUZZ-Avocado supplier Mission Produce hits more than 4-month high after upbeat results ** Shares of avocado supplier Mission Produce Inc AVO.O were up 4.5% on Wed and hit a more than 4-mo high of $14.22 after it reported Q3 rev and EPS that beat Wall Street estimates
** Total rev for the qtr ended July 31 rose to $450.0 mln, surpassing analyst expectations of $367.5 mln, per LSEG data
** On an adj basis, Mission earned 18c/shr, also above the consensus estimate of 12c/shr
** The rev increase was driven by a 38% rise in avocado volumes, helped by its recent acquisition of Calavo Growers
** The median 12-mo PT on the stock is $16.50; the stock was last at $13.45
** Including the session move, AVO is up about 16% YTD, compared with a roughly 13% gain in the Nasdaq .IXIC
(Reporting by Caroline Valetkevitch )
Recent news on Mission Produce
See all newsMedia: Avocado giant Mission Produce banks on orchards outside Mexico to help meet US demand - FT
Avocado supplier Mission Produce hits more than 4-month high after upbeat results
Mission Produce Inc reports results for the quarter ended April 30 - Earnings Summary
Mission Produce Q3 revenue beats estimates on avocado volume growth; results boosted by Calavo acquisition
Brief: Mission Produce Q3 Revenue USD 450 Million Vs. IBES Estimate USD 367.5 Million