Core Viewpoint - Mission Produce, Inc. has shown strong stock performance, with a 7.7% increase over the past month and a 32.3% gain since the beginning of the year, outperforming both the Zacks Consumer Staples sector and the Zacks Agriculture - Operations industry [1][2]. Performance Metrics - The company has consistently exceeded earnings expectations, reporting an EPS of $0.23 against a consensus estimate of $-0.01 in its latest earnings report on September 9, 2024, and beating revenue estimates by 40.93% [2]. - For the current fiscal year, Mission Produce is projected to achieve earnings of $0.29 per share on revenues of $1.1 billion [2]. Valuation Metrics - Mission Produce currently trades at a valuation of 46 times the current fiscal year EPS estimates, which is significantly higher than the peer industry average of 19 times [5]. - On a trailing cash flow basis, the stock trades at 22.1 times compared to its peer group's average of 7.6 times, indicating a premium valuation [5]. Style Scores - The company has a Value Score of B, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [4][5]. - The Zacks Rank for Mission Produce is 1 (Strong Buy), driven by rising earnings estimates, suggesting potential for further stock appreciation [6].

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting that a solid price increase and strong fundamentals are crucial for maintaining momentum in stock prices [1][2]. Group 1: Stock Performance - Mission Produce, Inc. (AVO) has shown a solid price increase of 33.8% over the past 12 weeks, indicating strong investor interest [4]. - AVO has also experienced a price increase of 7.7% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, AVO is trading at 92.5% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - AVO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The article suggests using the "Recent Price Strength" screen to identify stocks like AVO that are on an uptrend supported by strong fundamentals [3]. - It also mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [8].

Core Viewpoint - Mission Produce, Inc. anticipates strong financial performance for the fiscal fourth quarter of 2024, driven by its Marketing & Distribution segment and a favorable pricing environment [2][3]. Financial Performance Update - Total revenue for the fiscal fourth quarter is expected to exceed $320 million, up from $257.9 million in the same period last year, primarily due to strong performance in the Marketing & Distribution segment [3]. - Adjusted EBITDA is projected to exceed $28 million, compared to $17.3 million in the same period last year, reflecting improved per-unit margins in the Marketing & Distribution segment [3]. Company Overview - Mission Produce is a global leader in sourcing, producing, and distributing fresh Hass avocados, with additional offerings in mangos and blueberries, servicing customers in over 25 countries [6]. - The company operates four state-of-the-art packing facilities in key growing locations, including California, Mexico, and Peru, and has sourcing capabilities in various countries to ensure a year-round supply of premium fruit [6].

Group 1 - Mission Produce, Inc. (AVO) is currently ranked 11 in the Zacks Sector Rank for Consumer Staples, which includes 183 companies [1] - AVO has a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperforming the market in the next one to three months [1] - Over the past three months, the Zacks Consensus Estimate for AVO's full-year earnings has increased by 143.8%, reflecting improved analyst sentiment [2] Group 2 - Year-to-date, AVO has returned 19.3%, significantly outperforming the average gain of 6.9% for the Consumer Staples group [2] - Clorox (CLX), another outperforming stock in the Consumer Staples sector, has returned 11.6% year-to-date and has a Zacks Rank of 2 (Buy) [2] - AVO is part of the Agriculture - Operations industry, which is currently ranked 88 in the Zacks Industry Rank, while the industry has seen an average loss of 10.4% this year [3] Group 3 - Clorox belongs to the Soap and Cleaning Materials industry, which is ranked 10 and has gained 19.1% so far this year [3] - Both Mission Produce, Inc. and Clorox are stocks to watch for continued solid performance in the Consumer Staples sector [3]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals that can sustain upward momentum [1]. Group 1: Stock Performance - Mission Produce, Inc. (AVO) has shown a solid price increase of 26.4% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - AVO has also maintained a price increase of 16.7% over the last four weeks, suggesting that the upward trend is still intact [2]. - Currently, AVO is trading at 80.1% of its 52-week high-low range, indicating a potential breakout opportunity [2]. Group 2: Fundamental Strength - AVO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The stock's Average Broker Recommendation is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that AVO may not experience a trend reversal soon, making it a candidate for trend investors [4]. - In addition to AVO, there are other stocks that meet the criteria of the "Recent Price Strength" screen, which can help investors identify potential winning stocks [4]. - The Zacks Research Wizard is mentioned as a tool for backtesting stock-picking strategies, enhancing the likelihood of selecting profitable investments [4].

Group 1 - Shares of Mission Produce, Inc. (AVO) have lost 5.1% over the past week, but a hammer chart pattern formed in the last trading session suggests potential support and a trend reversal [1] - The hammer pattern indicates a nearing bottom with likely subsiding selling pressure, which is a technical bullish signal [2] - There is strong agreement among Wall Street analysts in raising earnings estimates for AVO, enhancing its prospects for a trend reversal [1][3] Group 2 - The consensus EPS estimate for AVO has increased by 143.8% over the last 30 days, indicating a positive trend in earnings estimate revisions [3] - AVO currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [3] - The Zacks Rank of 1 for Mission Produce serves as a strong indicator of potential trend reversal, helping investors identify improving company prospects [3]

Group 1 - Mission Produce, Inc. (AVO) has shown a year-to-date return of approximately 32.4%, outperforming the average return of 8.9% for the Consumer Staples sector [2] - The Zacks Rank for Mission Produce, Inc. is currently 1 (Strong Buy), indicating a positive earnings outlook with a 150% increase in the full-year earnings estimate over the past quarter [2] - Mission Produce, Inc. is part of the Agriculture - Operations industry, which has seen a decline of about 8.1% this year, further highlighting AVO's strong performance relative to its industry [3] Group 2 - British American Tobacco (BTI) has also performed well, with a year-to-date return of 29.3% and a Zacks Rank of 2 (Buy) [3] - The Tobacco industry, which includes British American Tobacco, has experienced a positive movement of +30.3% since the beginning of the year, ranking 10 in the Zacks Industry Rank [3] - Investors are encouraged to monitor both Mission Produce, Inc. and British American Tobacco for their continued solid performance in the Consumer Staples sector [4]

Core Viewpoint - Mission Produce, Inc. has experienced significant stock performance, with a 27.6% increase over the past month and a 32.4% gain since the beginning of the year, outperforming both the Zacks Consumer Staples sector and the Zacks Agriculture - Operations industry [1] Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $0.23 against a consensus estimate of $-0.01 in its latest earnings report on September 9, 2024, and beating revenue estimates by 40.93% [2] - For the current fiscal year, Mission Produce is projected to achieve earnings of $0.45 per share on revenues of $1.1 billion, reflecting a 136.84% increase in EPS and a 15.01% increase in revenues [2] - The next fiscal year forecasts earnings of $0.29 per share on revenues of $991.1 million, indicating a year-over-year decline of 35.56% in EPS and 9.66% in revenues [2] Valuation Metrics - The stock currently trades at 29.7 times the current fiscal year EPS estimates, which is above the peer industry average of 21.5 times [4] - On a trailing cash flow basis, the stock trades at 22.1 times compared to the peer group's average of 7.8 times, suggesting it may not be in the top tier from a value perspective [4] Style Scores and Zacks Rank - Mission Produce holds a Value Score of B, with Growth and Momentum Scores of A, resulting in a combined VGM Score of A, indicating strong performance across these metrics [3] - The company has a Zacks Rank of 1 (Strong Buy), supported by favorable earnings estimate revisions from analysts, suggesting potential for further gains [5]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility of a "Recent Price Strength" screening strategy to find stocks with strong fundamentals and upward momentum [1]. Group 1: Stock Performance - Mission Produce, Inc. (AVO) has shown a solid price increase of 33.3% over the past 12 weeks, indicating strong investor interest [2]. - AVO has also maintained a price increase of 26.6% over the last four weeks, confirming that the upward trend is still intact [2]. - The stock is currently trading at 93.4% of its 52-week high-low range, suggesting it may be on the verge of a breakout [2]. Group 2: Fundamental Strength - AVO carries a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks generating an average annual return of +25% since 1988 [3]. - The Average Broker Recommendation for AVO is also 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that AVO is not the only stock that meets the criteria of the "Recent Price Strength" screen, encouraging investors to explore other stocks that fit this profile [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4]. - The Zacks Research Wizard tool allows backtesting of stock-picking strategies, enhancing the effectiveness of investment decisions [4].

Core Insights - The avocado market continues to thrive, with the U.S. importing a record 2.8 billion pounds from Mexico in the previous year, highlighting the fruit's growing popularity and investment potential [1] Company Overview: Calavo Growers - Calavo Growers Inc. is a leading player in the fresh produce industry, specializing in avocados and other products like tomatoes and Hawaiian papayas [2] - The company operates as an asset-light business, partnering with farmers for sourcing while maintaining packing facilities in Mexico [3] Financial Performance: Calavo Growers - For fiscal Q3 2024, Calavo reported an EPS of 57 cents, exceeding analyst expectations by 14 cents, with revenues increasing 11.7% YoY to $179.6 million [4] - The Grown segment saw a 13.3% YoY net sales increase to $163.2 million, driven by strong avocado margins despite supply disruptions [4] Dividend Strategy: Calavo Growers - The Board of Directors has doubled the cash dividend to 20 cents per share, with the next payment scheduled for October 30, 2024 [5] - The company plans to reinvest proceeds from the sale of its Fresh Cut segment into its core avocado and guacamole businesses [5] Company Overview: Mission Produce - Mission Produce Inc. was initially focused solely on avocados but has since diversified into mangos and blueberries, optimizing production across different seasons [7][8] - The company operates a vertically integrated model, owning farms in multiple countries and managing its own distribution network [9] Financial Performance: Mission Produce - Mission Produce reported fiscal Q3 2024 EPS of 23 cents, surpassing expectations by 20 cents, with revenues rising 24% YoY to $324 million [10] - Adjusted EBITDA increased by 49% YoY to $31.5 million, with international farming revenues at $27.4 million [10] Market Outlook: Mission Produce - The company anticipates flat to slightly lower industry volumes for the remainder of fiscal 2024, transitioning to a Mexico-centric sourcing model [12] - Pricing is expected to decrease sequentially but remain 15% higher YoY, with blueberry harvest season beginning in fiscal Q4 [12]