Calavo Growers Q2 2024 EPS $0.34 Misses $0.36 Estimate
Portfolio Pulse from Benzinga Newsdesk
Calavo Growers (NASDAQ:CVGW) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.38 by 10.53%. This represents a significant improvement from a loss of $(0.01) per share in the same period last year.
June 10, 2024 | 8:10 pm
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Calavo Growers reported Q2 earnings of $0.34 per share, missing the analyst estimate of $0.38. Despite the miss, the company showed a significant improvement from last year's loss of $(0.01) per share.
The earnings miss is likely to have a negative short-term impact on the stock price. However, the significant improvement from last year's loss may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100