Cal-Maine (CALM) Reports Earnings Tomorrow: What To Expect

Egg company Cal-Maine Foods (NASDAQ:CALM) will be reporting results tomorrow after market hours. Here’s what to look for.

Cal-Maine missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $640.8 million, down 7% year on year. It was a softer quarter for the company, with a miss of analysts’ earnings estimates.

Is Cal-Maine a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Cal-Maine’s revenue to grow 53.4% year on year to $704.7 million, a reversal from the 30.2% decrease it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 2 upward revisions over the last 30 days. Cal-Maine has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Cal-Maine’s peers in the consumer staples segment, only General Mills has reported results so far. It met analysts’ revenue estimates, posting year-on-year sales declines of 1.2%. The stock traded up 0.5% on the results.

Read our full analysis of General Mills’s earnings results here.

Investors in the consumer staples segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Cal-Maine is up 7.7% during the same time and is heading into earnings with an average analyst price target of $61.50 (compared to the current share price of $76.52).

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