AVO Earnings Prediction
The chart below shows how AVO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AVO sees a +3.05% change in stock price 10 days leading up to the earnings, and a +4.02% change 10 days following the report. On the earnings day itself, the stock moves by -1.25%. This data can give you a slight idea of what to expect for the next quarter's release.
AVO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
354.40M
37.42%
9.38%
Gross Margin
15.74%
46.01%
37.83%
Operating Margin
8.72%
212.54%
39.97%
Net Margin
5.84%
150.64%
56.57%
EPS
0.24
300.00%
41.18%
No Data Available
AVO Earnings Analysis
Mission Produce Inc Corporation (AVO.O) Earnings Conference Call
Positive
Q4 Revenue Surge: Total revenue for the fourth quarter of fiscal 2024 increased 37% to $354.4 million driven primarily by a 36% increase in avocado sales prices.
Gross Profit Improvement: Gross profit increased by $28 million to $55.8 million in the fourth quarter and gross profit margin increased 490 basis points to 15.7% of revenue.
Quarterly Adjusted Net Income: Adjusted net income for the quarter was $19.6 million or $0.28 per diluted share compared to an adjusted net income of $7.5 million or $0.11 per diluted share last year.
EBITDA Growth Surge: Adjusted EBITDA increased $19.6 million or 113% to $36.9 million as compared to $17.3 million last year, driven primarily by stronger gross profit performance from our Marketing and Distribution and Blueberry segments.
Free Cash Flow Generation: We generated approximately $60 million of free cash flow in fiscal 2024, which will enable us to evaluate other opportunities with that cash.
Negative
Q4 Revenue Surge: Total revenue for the fourth quarter of fiscal 2024 increased 37% to $354.4 million driven primarily by a 36% increase in avocado sales prices.
Avocado Price Increase: Higher prices resulted from constrained avocado supply during the quarter driven by weather impacts on fruit development and production in Peru combined with stronger consumer demand.
Avocado Sales Volume Increase: Despite lower Peruvian volumes, we were able to leverage our diverse sourcing network across California, Colombia and Mexico to drive a 9% increase in North American avocado sales volumes compared to the prior year.
SG&A Expense Increase: SG&A expense increased $6.6 million or 32% compared to the same period last year, primarily due to higher employee-related costs including performance-based incentive compensation and stock-based compensation expense as a result of our improved operating performance relative to the prior year period.
Quarterly Adjusted Net Income: Adjusted net income for the quarter was $19.6 million or $0.28 per diluted share compared to an adjusted net income of $7.5 million or $0.11 per diluted share last year.
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AVO Earning Call Sentiment
Mission Produce, Inc. (AVO) Q4 2024 Earnings Call Transcript
1.0x
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AVO.O
-0.49%Positive
The earnings call summary presents mixed signals: revenue growth and expansion plans are positive, but margin decline and supply chain challenges are concerning. The Q&A section shows optimism but lacks specific guidance, which may worry investors. Overall, the sentiment is neutral, with no clear catalyst for significant stock price movement.
