What To Look For From AVO: Avocado Company Mission Produce (NASDAQ:AVO) Reports Earnings Tomorrow After Market Hours
Mission Produce beat analysts’ revenue expectations by 63.5% last quarter, reporting revenues of $354.4 million, up 37.4% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ gross margin estimates.Is Mission Produce a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting Mission Produce’s revenue to grow 10.4% year on year to $285.6 million, slowing from the 21.2% increase it recorded in the same quarter last year.
- The stock market's reaction to Mission Produce's earnings could be a microcosm for the broader avocado industry, which has seen significant consolidation and M&A activity in recent years.
- How will the ongoing growth of the avocado industry impact the profitability and competitiveness of companies like Mission Produce in the coming quarters?