Recap: Calavo Growers Q1 Earnings
Portfolio Pulse from Benzinga Insights
Calavo Growers (NASDAQ:CVGW) reported Q1 earnings with an EPS of $-0.01, missing estimates by -106.0% against an expected $0.17. Revenue decreased to $226.20 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, leading to a 6.0% drop in share price after last quarter's earnings miss.
March 11, 2024 | 8:15 pm
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NEGATIVE IMPACT
Calavo Growers reported a significant miss in Q1 earnings with an EPS of -$0.01 against an estimate of $0.17, and a decrease in revenue to $226.20 million from the previous year.
The significant miss in both EPS and revenue, compared to estimates and previous year's performance, suggests a negative short-term impact on CVGW's stock price. Historical data shows a 6.0% drop in share price following last quarter's earnings miss, indicating a pattern that could repeat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100