Cal-Maine Likely To Report Sharp Decline In Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Cal-Maine Foods, Inc. (NASDAQ:CALM) is expected to report a sharp decline in Q1 earnings, with estimates at 25 cents per share, down from $2.57 per share a year ago. The company's revenue is also expected to decrease to $473.37 million from $617.4 million. Cal-Maine recently agreed to acquire egg production assets of Fassio Egg Farms. The company's shares fell 1.9% to close at $47.52 on Monday. Analysts from Stephens & Co. and Goldman Sachs have given the company an Equal-Weight rating and a Sell rating respectively.
October 03, 2023 | 6:13 am
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NEGATIVE IMPACT
Cal-Maine Foods is expected to report a significant decline in Q1 earnings and revenue. The company's shares fell 1.9% recently. Analysts have given mixed ratings.
The expected sharp decline in earnings and revenue is likely to negatively impact the company's stock price. The recent fall in share price also indicates a negative sentiment among investors. The mixed analyst ratings further add to the uncertainty around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100