Home Earnings Preview What Analysts Predict For Calavo Growers, Inc. ($CVGW) 4Q20?

What Analysts Predict For Calavo Growers, Inc. ($CVGW) 4Q20?


Calavo Growers, Inc. (NASDAQ:CVGW) is expected to report fourth quarter earnings results, after market close, on Monday 21st December 2020.

Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.64 per share.

Looking ahead, the full year income are expected at $ 1.80 per share on the revenues of $ 1081.04 million.

Previous Quarter Performance

Calavo Growers, Inc. disclosed income for the third quarter of $ 0.73 per share, from the revenue of $ 270.43 million. The quarterly earnings dropped 19.78 percent while revenues reduced 24.74 percent compared with the same quarter last year.
Street analysts expected Calavo Growers, Inc. to report income of $ 0.72 per share on revenue of $ 325.37 million for the third quarter. The bottom line results beat street analysts by $ 0.01 or 1.39 percent, at the same time, top line results fell short of analysts by $ 54.94 million or 16.89 percent.

Stock Performance

Shares of Calavo Growers, Inc. traded low $ -2.21 or -2.97 percent on Friday, reaching $ 72.08 with volume of 315.10 thousand shares. Calavo Growers, Inc. has traded high as $ 74.78 and has cracked $ 72.06 on the downward trend

According to the previous trading day, closing price of $ 72.08, representing a 53.78 % increase from the 52 week low of $ 48.31 and a 21.73 % decrease over the 52 week high of $ 94.92.

The company has a market capital of $ 1.27 billion and is part of the Consumer Defensive sector and Packaged Foods industry.

Recent Analyst recommendations

  • On 29th October 2020, initiated by National Securities at Buy rating, with $ 85.00 target price.
Conference Call

Calavo Growers, Inc. will be hosting a conference call at 5:00 PM eastern time on 21st December 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 877-407-3982 U.S. or 201-493-6780 (International), with passcode : 13713975 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.calavo.com

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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Tara is an Intermediate. She joined SMI team as an intern to develop herself as a financial journalist. She is keen on the economic, as well as, the American equity markets. In case of any concern, mail your query to tara@stockmarketintellects.com