Calavo Growers Inc reports results for the quarter ended July 31 - Earnings Summary

• Calavo Growers Inc CVGW.OQ reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended July 31, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 49 cents to 70 cents per share.

• Revenue fell 0.4% to $178.82 million from a year ago; analysts expected $195.49 million.

• Calavo Growers Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $4.71 million.

• Calavo Growers Inc shares had risen by 2.3% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for Calavo Growers Inc is $35.00, about 22.3% above its last closing price of $27.21

This summary was machine generated from LSEG data September 9 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)