Mission Produce Inc reports results for the quarter ended January 31 - Earnings Summary

• Mission Produce Inc AVO.OQ reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 4 cents per share.

• Revenue rose 29.2% to $334.20 million from a year ago; analysts expected $285.50 million.

• Mission Produce Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $3.9 million.

• Mission Produce Inc shares had fallen by 16.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25% 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 $17.00

This summary was machine generated from LSEG data March 10 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)