Earnings Preview: Calavo Growers
Portfolio Pulse from Benzinga Insights
Calavo Growers (NASDAQ:CVGW) is scheduled to release its quarterly earnings report on March 11, 2024, with an estimated EPS of $0.17. Historical data shows mixed earnings performance, with a notable miss last quarter leading to a 6.09% share price drop. Shares have risen 26.35% over the past year, indicating positive long-term investor sentiment. The upcoming earnings guidance will be crucial for short-term stock movement.
March 08, 2024 | 2:00 pm
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Calavo Growers is expected to report an EPS of $0.17 for the upcoming quarter. Historical performance shows volatility in earnings results, with a significant drop after last quarter's miss. Shares have appreciated over the past year, indicating positive sentiment.
Given Calavo Growers' mixed historical earnings performance and the significant impact of guidance on stock price, the short-term impact is uncertain. Positive long-term sentiment may buffer negative reactions, but the guidance provided will be key to short-term movements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100