Cal-Maine Likely To Report Sharp Decline In Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Cal-Maine Foods, Inc. CALM is expected to release financial results for its first quarter after the closing bell on Oct. 3, 2023.

Analysts expect the company to post quarterly earnings at 25 cents per share, down sharply from year-ago earnings of $2.57 per share. The company’s revenue might come in at $473.37 million, compared to $617.4 million in the year-ago period.

Cal-Maine Foods recently agreed to acquire egg production assets of Fassio Egg Farms.

Cal-Maine shares fell 1.9% to close at $47.52 on Monday.

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.

• Stephens & Co. analyst Ben Bienvenu reiterated an Equal-Weight rating with a price target of $47 on Sept. 21, 2023. This analyst has an accuracy rate of 61%.
• Goldman Sachs analyst Adam Samuelson maintained a Sell rating and cut the price target from $43 to $40 on July 7, 2023. This analyst has an accuracy rate of 68%.

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