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Cal-Maine Foods’s Earnings: A Preview – Cal-Maine Foods (NASDAQ:CALM)

ByBenzinga Insights

Dec 27, 2022
Cal-Maine Foods's Earnings: A Preview - Cal-Maine Foods (NASDAQ:CALM)

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Cal-Maine Foods CALM is set to give its latest quarterly earnings report on Wednesday, 2022-12-28. Here’s what investors need to know before the announcement.

Analysts estimate that Cal-Maine Foods will report an earnings per share (EPS) of $4.24.

Cal-Maine Foods bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.24, which was followed by a 0.33% drop in the share price the next day.

Here’s a look at Cal-Maine Foods’s past performance and the resulting price change:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 2.33 1.84 0.83 0.27
EPS Actual 2.57 2.25 0.81 0.02
Price Change % -0.33% 2.04% 1.56% -5.35%
Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 2.33 1.84 0.83 0.27
EPS Actual 2.57 2.25 0.81 0.02
Price Change % -0.33% 2.04% 1.56% -5.35%

Stock Performance

Shares of Cal-Maine Foods were trading at $64.63 as of December 22. Over the last 52-week period, shares are up 77.96%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Cal-Maine Foods visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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Image and article originally from www.benzinga.com. Read the original article here.