Calavo Growers Q3 EPS $0.41 Beats $0.31 Estimate, Sales $259.88M Miss $280.81M Estimate
Portfolio Pulse from Happy Mohamed
Calavo Growers (NASDAQ:CVGW) reported Q3 earnings of $0.41 per share, beating the analyst consensus estimate of $0.31 by 32.26%. However, the company's quarterly sales of $259.88 million missed the analyst consensus estimate of $280.81 million by 7.46%. This represents a 156.25% increase in earnings but a 24.01% decrease in sales compared to the same period last year.
September 06, 2023 | 8:31 pm
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NEUTRAL IMPACT
Calavo Growers' Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Calavo Growers reported a significant increase in earnings, which is a positive signal. However, the decrease in sales could be a concern for investors, potentially leading to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100