Fresh Del Monte Produce Inc. (NYSE: FDP) has reported a loss for its fourth fiscal quarter (ending December 31) of $-2.22 versus $0.38 for the same period a year ago — a decline of -684%. This performance was $-2.51 short of the consensus estimate of $0.29. E.P.S. were $-0.24 for the latest four quarters through December 31 versus $2.06 for the same period a year ago — a decline of -112%.
Recent Price Action
On 2/26/24, Fresh Del Monte Produce Inc. (NYSE: FDP) stock declined by -3.1%, closing at $23.18. Moreover, exceptionally high trading volume at 204% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FDP is expected to be a modest Value Builder.
Fresh Del Monte Produce has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Fresh Del Monte Produce has a good Appreciation Score of 84 but a slightly negative Power Rating of 38, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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