Overview

* Cal-Maine Q4 revenue of $1.1 bln beats analyst expectations, per LSEG data

* Net income for Q4 rises to $342.5 mln, driven by higher egg prices

* Co acquires Echo Lake Foods in the qtr

Outlook

* Cal-Maine Foods ( CALM ) plans to expand product mix with Echo Lake Foods acquisition

* Company aims to grow shell egg production capacity through strategic acquisitions

* Cal-Maine Foods ( CALM ) expects to leverage distribution channels for prepared foods growth

Result Drivers

* EGG PRICE INCREASE - Higher egg prices due to avian influenza outbreaks drove revenue growth

* SPECIALTY EGGS DEMAND - Record sales of specialty eggs due to strong consumer demand and acquisitions

* PRODUCTION EXPANSION - Increased production capacity through acquisitions and organic growth initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $1.10 $941.60

Revenue bln mln (3

Analysts

)

Q4 EPS $7.04

Q4 Net $342.13

Income mln

Q4 Gross $531.51

Profit mln

Q4 $435.85

Operatin mln

g income

Q4 $453.20

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 ( CALM ) is $108.00, about 1.7% above its July 21 closing price of $106.17

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)