Plus   Neg

Stock Alert: Cal-Maine Foods

One of the largest Eggs producers in the U.S. Cal-Maine Foods, Inc. (CALM), is set to release its third quarter results today, March 30.

Shares of Cal-Maine saw a surge from its 52-week low of $30.74, touched on March 12, as the egg prices soared due to increased demand during the current Covid-19 pandemic. The stock gained nearly 40% in the past two weeks.

For the third quarter, four analysts on average polled by Thomson Reuters expect earnings of $0.17 on revenue of $338.08 million.

In the last three quarters, earnings at Cal-Maine have missed estimates.

On Friday, March 27, CALM jumped $2.20 or $5.47% before closing at $42.42. It's 52-week high is at $47.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Zoom Video Communications (ZM) gained 4% on extended session Tuesday after the video conferencing software company reported a first-quarter results that trumped Wall Street estimates and issued a outlook for the second and full year 2021 that is expected to beat current expectations. First-quarter... The National Retail Federation Chief Economist Jack Kleinhenz said it was too early to say how quickly or smoothly the U.S. economy would stage a recovery following the "sizable disruptions" due to the coronavirus pandemic. However, he noted that the reopening of businesses and the resumption of economic activity is a significant step forward. Following the recall of type 2 diabetes medication Metformin Hydrochloride Extended-Release (ER) by Apotex last week, the U.S. Food and Drug Administration or FDA has recommended more pharmaceutical companies, who are manufacturers of the drug formulation, to recall their products.
Follow RTT