Cal-Maine Foods (Nasdaq: CALM ) is expected to report Q4 earnings on July 30. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cal-Maine Foods' revenues will grow 7.1% and EPS will expand 173.3%.
The average estimate for revenue is $259.7 million. On the bottom line, the average EPS estimate is $0.82.
Last quarter, Cal-Maine Foods booked revenue of $303.7 million. GAAP reported sales were 11% higher than the prior-year quarter's $274.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.09. GAAP EPS of $1.09 for Q3 were 22% lower than the prior-year quarter's $1.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 21.5%, 240 basis points worse than the prior-year quarter. Operating margin was 11.5%, 270 basis points worse than the prior-year quarter. Net margin was 8.6%, 360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.10 billion. The average EPS estimate is $3.07.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 724 members out of 764 rating the stock outperform, and 40 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 140 give Cal-Maine Foods a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cal-Maine Foods is outperform, with an average price target of $33.00.
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