Cal-Maine Foods Inc reports results for the quarter ended February 28 - Earnings Summary

• Cal-Maine Foods Inc CALM.OQ reported quarterly adjusted earnings of $1.06​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of $10.38. The mean expectation of four analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 73 cents to 93 cents per share.

• Revenue fell 53% to $666.95 million from a year ago; analysts expected $641.98 million.

• Cal-Maine Foods Inc's reported EPS for the quarter was $1.06​.

• The company reported quarterly net income of $50.46 million.

• Cal-Maine Foods Inc shares had held steady so far this quarter and lost 0.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 59.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the fishing & farming peer group is "buy."

• Wall Street's median 12-month price target for Cal-Maine Foods Inc is $85.00, about 6.9% above its last closing price of $79.15

This summary was machine generated from LSEG data April 1 at 01:30 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)