Cal-Maine Foods Q1 EPS $3.06 Beats $2.33 Estimate, Sales $785.87M Beat $614.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cal-Maine Foods reported Q1 earnings per share of $3.06, significantly beating the estimate of $2.33. Sales reached $785.87 million, surpassing the expected $614.77 million. This marks a substantial increase from the previous year's figures.
October 01, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Cal-Maine Foods reported outstanding Q1 results with EPS of $3.06, beating estimates by 31.33%, and sales of $785.87M, exceeding expectations by 27.83%. This reflects a massive growth from the previous year.
The significant beat on both EPS and sales estimates, along with the massive year-over-year growth, is likely to positively impact Cal-Maine Foods' stock price in the short term. Investors often react favorably to such strong earnings reports.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100