Cal-Maine Foods, Inc. (NASDAQ:CALM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Cal-Maine Foods, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.91% to $0.55 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 18.4% to $325.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cal-Maine Foods, Inc. reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $273.9 million.
Quoting Management: Dolph Baker, chairman, president and chief executive officer of Cal-Maine Foods, Inc., said, “We were pleased with our results with our fourth quarter sales up 18 percent over the same period a year ago. These results reflect higher volumes related to acquisitions with a 6 percent increase in eggs produced and sold compared with the same period a year ago. Notably, we achieved this growth even though we had an extra week of sales in the previous year’s fourth quarter.”
Key Stats (on next page)…
Revenue decreased 9.57% from $360.37 million in the previous quarter. EPS decreased 56.69% from $1.27 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.34 to a profit $0.31. For the current year, the average estimate has moved down from a profit of $3.00 to a profit of $2.29 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)