Cal-Maine Foods, Inc. reports results for the quarter ended August 31 - Earnings Summary

• Cal-Maine Foods, Inc. reported a quarterly adjusted loss of $1.26​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of $4.12. The mean expectation of four analysts for the quarter was for a loss of 77 cents per share. Wall Street expected results to range from -88 cents to -64 cents per share.

• Revenue fell 41.5% to $539.61 million from a year ago; analysts expected $561.56 million.

• Cal-Maine Foods, Inc.'s reported EPS for the quarter was a loss of $1.26​.

• The company reported a quarterly loss of $58.62 million.

• Cal-Maine Foods, Inc. shares had fallen by 14.9% this quarter and lost 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 209.3% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the fishing & farming peer group is "buy."

• Wall Street's median 12-month price target for Cal-Maine Foods, Inc. is $80.00, about 14.3% above its last closing price of $68.55

This summary was machine generated from LSEG data September 30 at 01:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)