Earnings Preview: Fresh Del Monte Produce
Portfolio Pulse from Benzinga Insights
Fresh Del Monte Produce (NYSE:FDP) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts expecting an EPS of $0.30. The company's past earnings performance shows mixed results, with a notable miss last quarter but a subsequent share price increase. Over the last year, FDP shares have declined by 22.58%. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 23, 2024 | 5:01 pm
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Fresh Del Monte Produce is expected to report an EPS of $0.30 for the latest quarter. Historical performance shows variability in meeting EPS estimates, with a significant share price movement post-earnings. Shares have declined 22.58% over the last year, indicating potential investor concern.
Given FDP's mixed historical earnings performance and the significant share price decline over the past year, the upcoming earnings report and guidance will be crucial for short-term stock movement. However, the variability in past post-earnings share price reactions suggests a neutral short-term impact, pending the actual results and future guidance.
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