Calavo Growers Inc reports results for the quarter ended January 31 - Earnings Summary

• Calavo Growers Inc CVGW.OQ reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of three analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 24 cents to 37 cents per share.

• Revenue rose 21% to $154.39 million from a year ago; analysts expected $160.15 million.

• Calavo Growers Inc's reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $4.42 million.

• Calavo Growers Inc shares had fallen by 12.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% 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," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the food processing peer group is also "buy"

Wall Street's median 12-month price target for Calavo Growers Inc is $35.00

This summary was machine generated from LSEG data March 12 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)