Calavo Growers: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Calavo Growers (NASDAQ:CVGW) reported Q2 earnings with an EPS of $-0.01, missing estimates by 105.56%. Revenue was down $86.73 million from the same period last year. The company has a history of missing EPS estimates.
June 06, 2023 | 8:15 pm
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Calavo Growers missed Q2 earnings estimates with an EPS of $-0.01, down 105.56% from estimates. Revenue was down $86.73 million YoY.
Calavo Growers missed Q2 earnings estimates significantly, reporting an EPS of $-0.01 compared to the estimated $0.18. This is a negative signal for the stock, as it indicates the company's financial performance is not meeting expectations. Additionally, the company has a history of missing EPS estimates, which could further impact investor confidence. The decrease in revenue by $86.73 million from the same period last year also indicates a decline in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100