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

Mission Produce

21/12/2023 22:37

* Mission Produce Inc  AVO.OQ  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in
October, lower than the same quarter last year, when the company
reported EPS of 13 cents.  The mean expectation of two analysts
for the quarter was for earnings of 10 cents per share. Wall
Street expected results to range from 9 cents to 11 cents per
share.
    * Revenue rose 8.4% to $257.90 million from a year ago;
analysts
expected $288.45 million. 
    * Mission Produce Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $4 million.
    * Mission Produce Inc shares had fallen by 4.5% this
quarter and
lost 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 41.2%
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 $12.75 
This summary was machine generated from LSEG data December 21 at
10:37 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
 Oct. 31 2023      0.10           0.11           Beat
 Jul. 31 2023      0.22           0.15           Missed
 Apr. 30 2023      -0.01          0.01           Beat
 Jan. 31 2023      0.01           -0.07          Missed