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

Mission Produce

11/03/2024 21:38

* Mission Produce Inc  AVO.OQ  reported quarterly adjusted
earnings of 9 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -7 cents.  The mean expectation of
two analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -7 cents to -6
cents per share.
    * Revenue rose 21.2% to $258.70 million from a year ago;
analysts
expected $210.75 million. 
    * Mission Produce Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported break even results for the quarter.
    * Mission Produce Inc shares had risen by 9.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 316.7% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong 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  "buy."

Wall Street's median 12-month price target for Mission Produce
Inc is $12.25 
This summary was machine generated from LSEG data March 11 at
09:38 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
 Jan. 31 2024      -0.06          0.09           Beat
 Oct. 31 2023      0.10           0.11           Beat
 Jul. 31 2023      0.22           0.15           Missed
 Apr. 30 2023      -0.01          0.01           Beat