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Stock impact report

Why Mission Produce (AVO) Shares Are Sliding Today [Yahoo! Finance]

Mission Produce, Inc. (AVO) 
Company Research Source: Yahoo! Finance
after the company reported third-quarter results that beat profit expectations but provided a weak forecast for avocado prices. While the company posted earnings per share of $0.26, doubling the consensus estimate of $0.13, the positive result was overshadowed by its forward-looking guidance. Mission Produce management stated they expect avocado pricing to be approximately 20% to 25% lower in the fourth quarter compared to the same period last year. The company attributed the anticipated price decline to higher avocado volumes being available in both U.S. and international markets, a trend confirmed by reports of increased supply from key producers in Mexico and Peru. This weaker pricing outlook is raising investor concerns about the company's future profitability, despite the strong quarterly earnings beat. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Mission Produce? Access our full ana Show less Read more
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