Calavo Growers Q4 2023 Adj EPS $(0.33) Misses $0.19 Estimate, Sales $241.20M Miss $263.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Calavo Growers (NASDAQ:CVGW) reported a Q4 2023 adjusted EPS of $(0.33), which missed the analyst consensus estimate of $0.19 by 273.68%. Quarterly sales were $241.20M, falling short of the $263.40M estimate by 8.43%, and representing a 0.97% decrease from the same period last year.
January 31, 2024 | 9:29 pm
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Calavo Growers reported a larger-than-expected loss per share and a decline in sales for Q4 2023, missing both EPS and revenue estimates.
The reported earnings significantly missed analyst expectations, which is likely to negatively impact investor sentiment and the stock price in the short term. The miss on both the top and bottom lines indicates potential underlying issues that could concern investors, such as decreased demand or operational inefficiencies.
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