A Peek at Cal-Maine Foods's Future Earnings
Portfolio Pulse from Benzinga Insights
Cal-Maine Foods (NASDAQ:CALM) is set to announce its quarterly earnings on 2024-04-02, with analysts expecting an EPS of $2.46. The company's past performance shows a mix of misses and beats against EPS estimates, influencing stock price movements. Shares are currently trading at $58.85, up 3.66% over the last 52 weeks. Investors are hopeful for positive news and guidance.
April 01, 2024 | 6:05 pm
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POSITIVE IMPACT
Cal-Maine Foods is anticipated to announce an EPS of $2.46 in its upcoming quarterly earnings. Historical performance shows variability in meeting EPS estimates, which has led to significant stock price movements. Currently, the stock is trading at $58.85, reflecting a 3.66% increase over the last year.
Given the anticipation surrounding Cal-Maine Foods' earnings report and the historical impact of its earnings performance on stock prices, a positive earnings report exceeding the $2.46 EPS estimate could lead to an increase in stock price. However, the company's history of both missing and exceeding EPS estimates introduces uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100