Earnings Outlook For Calavo Growers
Portfolio Pulse from Benzinga Insights
Calavo Growers (NASDAQ:CVGW) is expected to release its quarterly earnings report on Tuesday, 2024-01-16, with analysts predicting an EPS of $0.33. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Calavo Growers' stock price has been sensitive to earnings performance and guidance, with notable fluctuations following past earnings releases.
January 15, 2024 | 2:00 pm
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Calavo Growers is anticipated to release its earnings report with an expected EPS of $0.33. Positive results and guidance could influence the stock positively, as past performance shows a correlation between earnings outcomes and stock price movement.
Given the historical data, Calavo Growers' stock price has shown sensitivity to both the actual earnings results and the forward guidance provided by the company. A positive earnings report exceeding the $0.33 EPS estimate, coupled with strong guidance, could lead to a short-term increase in the stock price, as seen in the previous quarter with a 5.21% rise. However, the market's reaction can be unpredictable, and other factors may also influence the stock's movement.
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