Top Wall Street Forecasters Revamp Cal-Maine Foods Price Expectations Ahead Of Q3 Earnings

Cal-Maine Foods, Inc. CALM will release earnings results for the third quarter, after the closing bell on Tuesday, April 8.

Analysts expect the Ridgeland, Mississippi-based company to report quarterly earnings at $10.90 per share, up from $2.99 per share in the year-ago period. Cal-Maine Foods projects to report quarterly revenue at $1.43 billion, compared to $703.08 million a year earlier, according to data from Benzinga Pro.

On Jan. 7, Cal-Maine Foods reported quarterly GAAP earnings of $4.47 per share, beating the $4.25 analyst consensus estimate. Quarterly revenue came in at $954.7 million, beating the $751.49 million consensus estimate.

Cal-Maine Foods shares fell 0.7% to close at $92.29 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

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Goldman Sachs analyst Adam Samuelson maintained a Sell rating and raised the price target from $47 to $52 on July 17, 2024. This analyst has an accuracy rate of 61%.
Stephens & Co. analyst Ben Bienvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 76%.

Considering buying CALM stock? Here’s what analysts think: