Calavo Growers (NASDAQ:CVGW) is set to give its latest quarterly earnings report on Wednesday, 2022-03-09. Here's what investors need to know before the announcement.
Analysts estimate that Calavo Growers will report an earnings per share (EPS) of $0.05.
Calavo Growers bulls will hope to hear the company to 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).
Past Earnings Performance
Last quarter the company beat EPS by $0.03, which was followed by a 8.38% increase in the share price the next day.
Stock Performance
Shares of Calavo Growers were trading at $44.46 as of March 04. Over the last 52-week period, shares are down 47.04%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
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