Calavo Growers Inc reports results for the quarter ended April 30 - Earnings Summary

• Calavo Growers Inc CVGW.OQ reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of three analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 46 cents to 62 cents per share.

• Revenue rose 3.3% to $190.55 million from a year ago; analysts expected $201.48 million.

• Calavo Growers Inc's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of $6.85 million.

• Calavo Growers Inc shares had risen by 15.4% this quarter and gained 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.4% 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 $32.00

This summary was machine generated from LSEG data June 9 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)