Recap: Cal-Maine Foods Q2 Earnings
Portfolio Pulse from Benzinga Insights
Cal-Maine Foods (NASDAQ:CALM) reported Q2 earnings with an EPS of $0.65, missing estimates by 21.69% against the expected $0.83. Revenue decreased by $278.5 million from the same period last year. The company's stock price dropped 7.28% the day after missing EPS estimates last quarter.
January 03, 2024 | 9:25 pm
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NEGATIVE IMPACT
Cal-Maine Foods reported lower than expected Q2 earnings and a significant drop in revenue compared to last year, which may lead to a negative short term impact on the stock price.
Historically, Cal-Maine Foods' stock price has been negatively affected by missing EPS estimates, as seen with the 7.28% drop after last quarter's earnings miss. The current earnings miss and revenue decline are likely to continue this trend in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100