Alert: New Earnings Report (4/2/24)-Cal Maine Foods Inc (NASDAQ: CALM).


Cal Maine Foods Inc (NASDAQ: CALM) has reported earnings for its third fiscal quarter (ending February 28) of $3.01 versus $6.64 for the same period a year ago — a decline of -55%. Relative to the consensus estimate of $2.88, this was a premium of $0.13. For the latest four quarters through February 28, E.P.S. were $5.66 versus $15.57 for the same period a year ago — a decline of -64%.

Recent Price Action

On 4/2/24, Cal Maine Foods Inc (NASDAQ: CALM) stock rose modestly by 0.6%, closing at $58.91. Moreover, trading volume in this advance was exceptionally high at 339% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.7% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CALM is expected to be Value Creation neutral.

Cal Maine Foods has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cal Maine Foods has a poor Appreciation Score of 23 but a good Power Rating of 74, triggering the Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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