Mission Produce Q3 Adj $0.15 Misses $0.22 Estimate, Sales $261.40M Beat $243.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mission Produce (NASDAQ:AVO) reported Q3 earnings of $0.15 per share, missing the analyst consensus estimate of $0.22 by 31.82%. This is a 44.44% decrease from the same period last year. However, the company's quarterly sales of $261.40 million beat the analyst consensus estimate of $243.03 million by 7.56%, despite being a 16.54% decrease from last year.
September 11, 2023 | 8:09 pm
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NEUTRAL IMPACT
Mission Produce's Q3 earnings missed estimates by 31.82%, and sales beat estimates by 7.56%. This mixed report may lead to uncertainty in the market.
Mission Produce's earnings miss could negatively impact the stock price, but the sales beat might offset this. The overall impact is uncertain due to these mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100