Calavo Growers Q1 Adj EPS $(0.01) Misses $0.17 Estimate, Sales $127.61 Miss $252.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Calavo Growers (CVGW) reported a Q1 adjusted EPS of $(0.01), missing the $0.17 estimate, and sales of $127.61M, falling short of the $252.67M estimate.
March 11, 2024 | 8:11 pm
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NEGATIVE IMPACT
Calavo Growers reported significantly lower Q1 earnings and sales than expected, missing analyst estimates.
Missing both earnings and sales estimates by a wide margin is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100