Mission Produce Ranked #2; Fiscal-Year Sales to Drop 10.2% and Earnings Down 10.1%
Mission Produce holds a Zacks Rank #2 with consensus estimates forecasting fiscal-year sales to fall 10.2% and earnings to drop 10.1% year over year. The company has delivered a staggering 340.8% average earnings surprise over the past four quarters.
1. Business Overview
Mission Produce processes and distributes avocados, mangoes and blueberries to food retailers, wholesalers and foodservice customers in the U.S. and international markets, leveraging a global sourcing and farming network to supply fresh and packaged fruit products.
2. Zacks Consensus Forecast and Ranking
Analyst consensus projects Mission Produce’s fiscal-year sales to decline 10.2% and earnings to drop 10.1% year over year, positioning the company with a Zacks Rank #2 based on expected earnings momentum and analyst outlook.
3. Earnings Surprise Track Record
Over the past four quarters, Mission Produce has delivered an average earnings surprise of 340.8%, significantly outperforming forecasts and highlighting the company’s tendency to exceed analyst expectations.