Mission Produce Q1 2024 Adj EPS $0.09 Beats $(0.07) Estimate, Sales $258.700M Beat $210.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mission Produce (NASDAQ:AVO) reported Q1 2024 adjusted EPS of $0.09, surpassing the $(0.07) estimate, with sales of $258.7M exceeding the $210.75M forecast, marking a 21.17% increase from the previous year.
March 11, 2024 | 8:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mission Produce reported a significant beat on both EPS and sales estimates for Q1 2024, with a notable year-over-year sales increase.
Beating both EPS and sales estimates by a wide margin, especially when the market expected a loss, indicates strong operational performance and market demand. This significantly positive news is likely to boost investor confidence and drive short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100