Avocado company Mission Produce (NASDAQ: AVO) will be reporting results this Thursday after the bell. Here’s what you need to know.
Mission Produce beat analysts’ revenue expectations last quarter, reporting revenues of $319 million, down 10% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ gross margin estimates and a solid beat of analysts’ EBITDA estimates.
Is Mission Produce a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Mission Produce’s revenue to decline 22% year on year, a reversal from the 29.2% increase it recorded in the same quarter last year.
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. Mission Produce has a history of exceeding Wall Street’s expectations.
Looking at Mission Produce’s peers in the perishable food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Fresh Del Monte Produce posted flat year-on-year revenue, beating analysts’ expectations by 0.7%, and Flowers Foods reported revenues up 11%, in line with consensus estimates. Fresh Del Monte Produce traded up 5% following the results while Flowers Foods was down 8.7%.
Read our full analysis of Fresh Del Monte Produce’s results here and Flowers Foods’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the perishable food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.8% on average over the last month. Mission Produce is down 1.5% during the same time and is heading into earnings with an average analyst price target of $17.33 (compared to the current share price of $13.45).
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