Cal-Maine Foods (CALM) reported earnings on Tue 28 March 23 (a/h)

 

Earnings this week : March 27- 30, 23 (wk 13)

Monday (Mar 27)

• Morning:  BNTX CCL
• Afternoon: PVH

Tuesday (Mar 28)

• Morning: CNM IHS LOVE MKC SNX WBA
• Afternoon:  CALM PLAY JEF LULU MU NCNO PRGS

Wednesday (Mar 29)

• Morning:  BLUE CTAS CONN KC PAYX SHCR UNF
• Afternoon:  CNXC FUL RH SMTC CXM VRNT

Thursday (Mar 30)

• Morning: ANGO EVGO NEOG
• Afternoon:  BB BRZE YMAB

This week's biggest % winners & losers : Sept 30 - Oct 4, 19 (wk 40)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: ENDP (3.82 +19.75%), ARQL (8.29 +18.43%), SRPT (88.25 +17.67%), CDNA (25.37 +16.22%), RGNX (38.49 +15.41%), ARWR (30.6 +13.5%)
• Materials: SBGL (6.36 +14.39%)
• Consumer Discretionary: TSG (20.92 +38.82%)
• Information Technology: RNG (163.3 +31.85%), AVYA (13.23 +28.45%), OKTA (116.53 +20.06%), COUP (148.32 +15.97%)
• Energy: TOO (1.53 +30.77%), DHT (6.88 +14.1%), STNG (33.65 +14.07%), FRO (10.28 +12.72%)

This week's top % losers

• Healthcare: GTHX (23.34 -31.29%), LNTH (19.74 -22.04%), ANGO (14.6 -19.02%)
• Materials: SXC (5.31 -15.71%)
• Consumer Discretionary: GPRO (3.97 -21%), TAST (6.8 -16.46%)
• Information Technology: CASA (6.22 -20.47%)
• Financials: AMTD (33.7 -28.25%), ETFC (36.4 -15.87%). SCHW (35.67  -13.86%), IBKR (47.59  -10.86%)
• Energy: NBR (1.57 -18.65%), MDR (1.63 -18.5%), QEP (3.15 -17.54%), CDEV (3.8 -15.95%)
• Consumer Staples: UNFI (7.45 -34.76%), CALM (37.97 -16.4%)

Cal-Maine Foods (CALM) reported earnings on Mon 30 Sep 19 (b/o)

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Shares of Cal-Maine Foods Inc. (CALM) plunged 11% in midday trading Monday, putting them on track to suffer the biggest one-day drop in 11 years, after the egg producer reported disappointing fiscal first-quarter results, citing an "extreme drop" in egg prices. The stock was down as much as 14% earlier in the session before paring some losses.

The stock closed last Thursday at $45.74, the highest price in nearly 10 months, after closing at a near 10-month low of $37.02 on May 31. It was on track for the biggest one-day drop since it fell 12.0% on Nov. 11, 2008. Cal-Maine Chief Executive Dolph Baker said the drop in egg prices reflected the "oversupply" of eggs and egg-laying hens, as the U.S Department of Agriculture eggs reports showed that there were 331.4 million laying hens as of Sept. 1, up from about 330.6 million a year ago. The stock has now lost 4.3% year to date, while the S&P 500 (SPX) has gained 18.8%.

Earnings this week : Sept 30 - Oct 4, 19 (wk 40)

Monday (September 30)

• Morning: CALM THO

Tuesday (October 1)

• Morning: MKC
• Afternoon: LNDC SFIX UNFI

Wednesday (Oct 2)

• Morning: AYI LEN LW PAYX RPM
• Afternoon: BBBY RECN

Thursday (Oct 3)

• Morning: ANGO PEP STZ
• Afternoon: ASNA COST SGH

Friday (Oct 4) 

• None

Notable earnings reports: Earnings on tap include

• Cal-Maine Foods (NASDAQ:CALM) on September 30; 
• McCormick (NYSE:MKC), Stitch Fix (NASDAQ:SFIX) and United Natural Foods (NYSE:UNFI) on October 1; 
• Acuity Brands (NYSE:AYI), Bed Bath & Beyond (NASDAQ:BBBY), Lennar (NYSE:LEN), Lamb Weston (NYSE:LW) and Paychex (NASDAQ:PAYX) on October 2; 
• Ascena Retail Group (NASDAQ:ASNA), Costco (NASDAQ:COST), PepsiCo (NASDAQ:PEP), and Constellation Brands (NYSE:STZ).

Cal-Maine Foods (CALM) reported earnings on Mon 1 Oct 2018 (b/o)

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Cal-Maine Foods misses by $0.19, misses on revs 

• Reports Q1 (Aug) earnings of $0.26 per share, $0.19 worse than the two analyst estimate of $0.45; revenues rose 29.6% year/year to $340.6 mln vs the $346.76 mln S&P Capital IQ Consensus.
• "Our operations ran well through the summer, and we reported operating income of $12.7 million compared with an operating loss of $24.4 million for the first quarter of fiscal 2018. For the first quarter of fiscal 2019, our farm production costs per dozen were up 7.3 percent, primarily due to increased feed costs."

The egg producer swung to a net income for the quarter to Sept. 1 of $12.4 million, or 26 cents a share, from a loss of $16.0 million, or 33 cents a share, in the same period a year ago. The FactSet consensus was for earnings per share of 49 cents. Sales rose to $340.6 million from $262.8 million, but was below the FactSet consensus of $350.5 million. Net average selling price per dozen eggs rose to $1.307 from $1.017, while feed cost increased to 41.3 cents from 37.5 cents. Given Cal-Maine's flexible dividend policy, in which the company pays one-third of quarterly income, the company cut its dividend to 8.5 cents a share from 35.1 cents a share in the sequential fourth quarter. "Although overall egg production growth has been modest, according to recent USDA reports, the number of chicks hatched has increased 11 percent since the beginning of calendar 2018, indicating future increases in laying hen numbers," said Chief Executive Dolph Baker. "Given these trends, the potential increase in the shell egg supply could create additional pricing pressure." The stock has gained 8.7% year to date while the S&P 500 (SPX) has climbed 9.0%.

Earnings this week : Oct 1 - 5, 2018 (wk 40)

Earnings confirmed to report next week

Monday (Oct 1) 

• Morning: CALM  HDB xSVA PEBK SKYS CBLI XBIO CREG
• Afternoon: SFIX EBF UEC ELLO GIG CCIH DARE

Tuesday (Oct 2)
Morning: LW PAYX PEP
Afternoon: LNDC

Wednesday (Oct 3)

• Morning: AYI LEN RPM
• Afternoon: PIR RECN SNX

Thursday (Oct 4)

• Morning: ISCA STZ
• Afternoon: COST  SGH

Friday (Oct 5)

• None

Cal-Maine Foods (CALM) reported earnings on Fri 5 Jan 2018 (b/o)

** charts after earnings **

 

Cal-Maine Foods misses by $0.15, misses on revs 

• Reports Q2 (Nov) earnings of $0.55 per share, excluding non-recurring items, $0.15 worse thanthe Capital IQ Consensus of $0.70; revenues rose 42.5% year/year to $361.2 mln vs the $370.85 mln Capital IQ Consensus.
• "Market prices for conventional shell eggs continued to move higher throughout the quarter with our average customer selling prices for all eggs and conventional eggs up 36.0 percent and 77.6 percent, respectively, in the second quarter compared with a year ago. Market prices remained strong through the Thanksgiving holiday. According to Nielsen data, retail demand has been very good and in line with normal seasonal trends, supported by increased egg promotions in grocery stores. After a period of sluggish demand from institutional food customers, this sector has returned to more egg usage." 

Cal-Maine Foods (CALM) reported earnings on Mon 27 March 2017 (b/o)

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Cal-Maine Foods misses by $0.08, misses on revs:

• Reports Q3 (Feb) earnings of $0.09 per share, $0.08 worse than the two analyst estimate of $0.17; revenues fell 31.9% year/year to $306.5 mln vs the $331.87 mln Capital IQ Consensus. 
• "The egg markets have remained under pressure, and we do not expect to see any meaningful improvement until there is a better balance of supply and demand. Following the 2015 avian influenza -related laying hen losses, United States Department of Agriculture data showed that the egg industry repopulated farms and laying hen numbers were reported to approach pre-AI levels. The younger, more productive hen population has resulted in a greater number of eggs. Additionally, in February 2017, the USDA issued revised data that showed the size of the laying hen flock for 2015 and 2016 was actually meaningfully higher in both years than previously reported. Overall, market demand trends have not kept pace with these higher production levels."

Cal-Maine Foods (CALM) reported earnings on Mon 18 Jul 2016 (b/o)

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Cal-Maine Foods beats by $0.18, reports revs in-line  :

• Reports Q4 (May) loss of $0.01 per share, $0.18 better than the Capital IQ Consensus of ($0.19); revenues fell 24.8% year/year to $303 mln vs the $300.69 mln Capital IQ Consensus. 
• "While there have been no positive tests for Avian Influenza at any of our locations, the outbreak significantly affected egg supplies and prices. Our results for the fourth quarter reflect these extremely volatile egg market conditions and supply disruptions. Market prices for shell eggs have dropped considerably from the historically high levels we experienced at the beginning of this fiscal year. The Urner Barry price index hit a decade-low level during our fourth quarter, before recovering a portion of these declines in recent weeks."

Cal-Maine Foods (CALM) reported earnings on Mon 28 March 2016 (b/o)

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Cal-Maine Foods (CALM) reported earnings on Wed 23 Dec 2015 (a/h)

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• 3 weeks later

Cal-Maine Foods misses by $0.14, misses on revs :

• Reports Q2 (Nov) earnings of $2.26 per share, $0.14 worse than the Capital IQ Consensus of $2.40; revenues rose 44.2% year/year to $546 mln vs the $555.05 mln Capital IQ Consensus. Eggs sold flat at 264.2 mln dozen.
• "Our industry continues to deal with the significant reduction in the national laying hen flock that occurred this past spring related to the Avian Influenza (AI) outbreaks in the upper Midwestern United States. While the supply is gradually starting to move back up, the current national laying hen flock reported by the USDA yesterday is still approximately nine percent lower than it was a year ago. Egg prices have moved lower than expected in spite of the reduced supply, and we expect prices will remain volatile until the industry has more clarity on future supply levels.