Calavo Growers (CVGW) Reports Q4 Non-GAAP EPS of $0.25 on $124.7M Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Profitability Improvement: Calavo Growers reported a Q4 non-GAAP EPS of $0.25, a significant recovery from a loss of $0.14 per share in the previous year, indicating a rebound in profitability.
- Revenue Performance: The company achieved Q4 revenue of $124.7 million, with gross profit at $11.6 million despite $1.0 million in non-recurring costs, reflecting stable market demand.
- Cost Control: Selling, general, and administrative expenses (SG&A) decreased by 6% to $12.3 million, demonstrating effective cost management that contributes to overall profitability enhancement.
- Net Income Reversal: Net income from continuing operations was $3.8 million, reversing from a net loss of $2.5 million in the same quarter last year, showcasing improvements in operational efficiency and market strategy.
Analyst Views on CVGW
Wall Street analysts forecast CVGW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVGW is 34.00 USD with a low forecast of 28.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 22.200
Low
28.00
Averages
34.00
High
40.00
Current: 22.200
Low
28.00
Averages
34.00
High
40.00
About CVGW
Calavo Growers, Inc. is a provider of value-added fresh food in the avocado industry. The Company is engaged in marketing and distributing avocados and prepared avocados to retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers on a worldwide basis. It procures avocados from California, Mexico and other growing regions around the world. Through its various operating facilities, it sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas, and processes and packages guacamole. It operates in two business segments: Grown and Prepared. Its Grown segment consists of fresh avocados, tomatoes and papayas. Its Prepared segment comprises all its guacamole products sold at retail and food service as well as avocado pulp sold to foodservice. Its products are sold under the Calavo family of branded labels, as well as private labels. It distributes its products both domestically and internationally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
