Egg company Cal-Maine Foods (NASDAQ: CALM) will be announcing earnings results this Wednesday morning. Here’s what investors should know.
Cal-Maine beat analysts’ revenue expectations by 21.3% last quarter, reporting revenues of $1.10 billion, up 72.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ adjusted operating income 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 22.2% year on year to $960.4 million, slowing from the 71.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.35 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 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 6.8%. The stock price was unchanged following the results.
Read our full analysis of General Mills’s earnings results here.The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer staples stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.6% on average over the last month. Cal-Maine is down 17.1% during the same time and is heading into earnings with an average analyst price target of $107 (compared to the current share price of $96.23).
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