Calavo Growers Inc (NASDAQ: CVGW) has reported earnings for its second fiscal quarter (ending April 30) of $0.36 versus $0.08 for the same period a year ago — an increase of 350%. Relative to the consensus estimate of $0.44, this was a shortfall of $-0.08. For the latest four quarters through April 30, E.P.S. were $0.14 versus $-0.08 for the same period a year ago.
Recent Price Action
On 6/10/24, Calavo Growers Inc (NASDAQ: CVGW) stock declined modestly by -1.7%, closing at $24.99. Moreover, exceptionally high trading volume at 254% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -7.3% during the last week.
Current PriceTarget Research Rating
CVGW is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Calavo Growers has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Calavo Growers has a poor Appreciation Score of 20 but a neutral Power Rating of 55, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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