Cal — Maine Foods, Inc. reports results for the quarter ended August 31 — Earnings Summary

Cal-Maine Foods, Inc. reported a quarterly adjusted loss of $1.26​​ per share for the quarter ended August 31, lower than the same quarter last year, when the company reported EPS of $4.12. The mean expectation of four analysts for the quarter was for a loss of 77 cents per share. Wall Street expected results to range from -88 cents to -64 cents per share. Revenue fell 41.5% to $539.61 million from a year ago; analysts expected $561.56 million. Cal-Maine Foods, Inc.'s reported EPS for the quarter was a loss of $1.26​. The company reported a quarterly loss of $58.62 million. Cal-Maine Foods, Inc. shares had fallen by 14.9% this quarter and lost 13.8% so far this year. Forecast Changes The mean earnings estimate of analysts had fallen by about 209.3% in the last three months.​ In the last 30 days, four analysts negatively revised earnings estimates Recommendations The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the fishing & farming peer group is "buy." Wall Street's median 12-month price target for Cal-Maine Foods, Inc. is.