Mission Produce Inc reports results for the quarter ended in April - Earnings Summary

Mission Produce

06/06/2024 22:01

* Mission Produce Inc  AVO.OQ  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of two analysts
for the quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -6 cents tozero cents per share.
    * Revenue rose 34.6% to $297.60 million from a year ago;
analysts
expected $214.85 million. 
    * Mission Produce Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $7 million.
    * Mission Produce Inc shares had fallen by 2.7% this
quarter and
gained 14.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 500%
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 Mission Produce
Inc is $14.50 
This summary was machine generated from LSEG data June 6 at
09:00 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
 Apr. 30 2024      -0.03          0.14           Beat
 Jan. 31 2024      -0.06          0.09           Beat
 Oct. 31 2023      0.10           0.11           Beat
 Jul. 31 2023      0.22           0.15           Missed