Fresh Del Monte Produce Q1 2024 Adj EPS $0.34 Misses $0.60 Estimate, Sales $1.108B Miss $1.152B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fresh Del Monte Produce (NYSE:FDP) reported Q1 2024 earnings of $0.34 per share, missing the $0.60 estimate, and sales of $1.108B, missing the $1.152B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
May 02, 2024 | 8:16 pm
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NEGATIVE IMPACT
Fresh Del Monte Produce reported lower than expected Q1 2024 earnings and sales, missing analyst estimates.
Missing both earnings and sales estimates significantly, especially with a 43.33% miss on the earnings per share estimate and a year-over-year decrease, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100