Benzinga | Dec 27, 2021 10:11AM EST

Earnings Outlook For Cal-Maine Foods

Cal-Maine Foods (NASDAQ:CALM) is set to give its latest quarterly earnings report on Tuesday, 2021-12-28. Here's what investors need to know before the announcement.

Analysts estimate that Cal-Maine Foods will likely report an Earnings Per Share (EPS) of $0.27.

Cal-Maine Foods 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 beat EPS by $0.25, which was followed by a 1.53% increase in the share price the next day.

Here's a look at Cal-Maine Foods's past performance and the resulting price change:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021EPS Estimate -0.62 0.39 0.07 -0.08EPS Actual -0.37 -0.09 0.28 0.25Price Change % 1.53% 1.21% -2.2% 3.06%

Stock Performance

Shares of Cal-Maine Foods were trading at $36.49 as of December 24. Over the last 52-week period, shares are down 3.58%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.