Calavo Growers (CVGW) This autumn Earnings: What To Count on
Recent produce firm Calavo Growers (NASDAQGS:NASDAQ:)
might be reporting earnings tomorrow afternoon. This is what buyers ought to know.
Final quarter Calavo Growers reported revenues of $259.9 million, down 24% yr on yr, lacking analyst expectations by 8.4%. It was a good quarter for the corporate, with a powerful beat of analysts’ gross margin estimates.
Is Calavo Growers purchase or promote heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts predict Calavo Growers’s income to develop 11.5% yr on yr to $271.7 million, bettering on the ten.9% year-over-year decline in income the corporate had recorded in the identical quarter final yr. Adjusted earnings are anticipated to return in at $0.33 per share.
Majority of analysts protecting the corporate have reconfirmed their estimates during the last thirty days, suggesting they’re anticipating the enterprise to remain the course heading into the earnings. The corporate missed Wall St’s income estimates 4 occasions during the last two years.
Taking a look at Calavo Growers’s friends within the packaged meals phase, a few of them have already reported This autumn earnings outcomes, giving us a touch what we will count on. J. M. Smucker’s revenues decreased 12.1% yr on yr, lacking analyst estimates by 0.3% and Campbell Soup (NYSE:) reported income decline of two.2% yr on yr, lacking analyst estimates by 0%. Each shares (J. M. Smucker and Campbell Soup) traded flat on the outcomes.
Learn the complete evaluation of J. M. Smucker’s and Campbell Soup’s outcomes on StockStory.
Traders within the packaged meals phase have had regular palms going into the earnings, with the shares up on common 0.9% during the last month. Calavo Growers is up 2.7% throughout the identical time, and is heading into the earnings with analyst value goal of $37, in comparison with share value of $28.3.
The writer has no place in any of the shares talked about.