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

Mission Produce

12/09/2023 24:10

* Mission Produce Inc  AVO.OQ  reported quarterly adjusted
earnings of 15 cents​​ per share for the quarter ended in July.
The mean expectation of four analysts for the quarter was
for earnings of 22 cents per share.
    * Revenue fell 16.5% to $261.40 million from a year ago;
analysts
expected $243.03 million. 
    * Mission Produce Inc's reported EPS for the quarter was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Mission Produce Inc shares had fallen by 25.2% this
quarter and
lost 22.0% so far this year.
    * The company reported quarterly net income of $6.2 million.
    * Wall Street's median 12-month price target for Mission
Produce
Inc is $16.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 11 at 11:10 p.m. UTC. ​All figures in US dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      0.22           0.15           Missed
 Apr. 30 2023      -0.01          0.01           Beat
 Jan. 31 2023      0.01           -0.07          Missed
 Oct. 31 2022      0.34           0.13           Missed