Benzinga | Dec 21, 2021 10:23AM EST

Earnings Preview: Mission Produce

Mission Produce (NASDAQ:AVO) is set to give its latest quarterly earnings report on Wednesday, 2021-12-22. Here's what investors need to know before the announcement.

Analysts estimate that Mission Produce will likely report an Earnings Per Share (EPS) of $0.30.

Mission Produce bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.02, which was followed by a 9.81% drop in the share price the next day.

Here's a look at Mission Produce's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.29 0.11 0.07 0.24EPS Actual 0.27 0.12 0.11 0.34Price Change % -9.81% 3.7% 1.23% 0.37% 1.33%

Stock Performance

Shares of Mission Produce were trading at $17.8 as of December 20. Over the last 52-week period, shares are up 19.52%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here