Keep reading if you want a detailed review of the performance of these three stocks this year and the factors that have contributed to making them stocks sell immediately. Cal-Maine Foods (NASDAQ:CALM) is the largest producer and supplier of fresh shell eggs in the U.S. The company almost monopolizes the egg-supplying and producing business, evident from its domination across midwestern, southeastern, and southwestern states in America. Unsurprisingly, these regions account for nearly a quarter of the entir ...

Core Viewpoint - Cal-Maine Foods (CALM) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that could lead to increased stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based solely on a company's changing earnings picture, which is a significant factor influencing stock prices [2][4]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, largely driven by institutional investors who adjust their valuations based on these estimates [4][6]. Cal-Maine's Earnings Outlook - For the fiscal year ending May 2024, Cal-Maine is expected to earn $4.51 per share, reflecting a year-over-year decline of 70.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Cal-Maine has increased by 25.7%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Cal-Maine to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for price appreciation in the near term [11].

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Cal-Maine Foods (CALM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question. Cal-Maine Foods is one of 240 companies in the Basic Materials group. The Basic Mate ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cal-Maine Foods (CALM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Cal-Maine Foods is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank ...

U.S. stock markets have retreated in April after a sharp rally in the past 15 months. The euphoria surrounding equities evaporated as the yield on the benchmark 10-Year U.S. Treasury Note returned northward, trading above 4%. In the first week of April, the Dow tumbled 2.3%, posting its worst weekly performance in 2024. The S&P 500 slid 1% during the period, while the Nasdaq Composite fell 0.8%.This was primarily owing to the uncertainty regarding the time when the Fed would initiate the first cut in the be ...

Key PointsCal-Maine Foods is the nation's largest fresh egg producer and distributor, with an estimated 19% market share.Cal-Maine reported a fiscal Q3 2024 EPS beat by 55 cents despite revenues falling 29.5% due to bird flu disruptions in egg supply.Cal-Maine shares trade at just 13.6X forward earnings with a $1.00 special dividend payable on May 16, 2024, for shareholders on record as of May 1, 2024.5 stocks we like better than Cal-Maine FoodsCal-Maine Foods Inc. NASDAQ: CALM is the largest and leading pr ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cal-Maine Foods (CALM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Cal-Maine Foods is a member of our Basic Materials group, which includes 240 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Ran ...

From a technical perspective, Cal-Maine Foods (CALM) is looking like an interesting pick, as it just reached a key level of support. CALM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Like ...

The egg producer delivered a better-than-feared quarter.Shares of Cal-Maine Foods (CALM 3.62%) climbed as high as 7.2% early Wednesday, then settled to close up 3.6% after the egg producer announced better-than-expected quarterly results. This occurred despite news of a new Avian flu outbreak at one of its facilities.Cal-Maine Foods' better-than-feared quarterFor its fiscal third quarter ended March 2, 2024, Cal-Maine Foods' revenue declined 29.5% year over year to $703.1 million, translating to net income ...

CalMaine Foods, Inc. (CALM) reported earnings per share of $3.00 in third-quarter fiscal 2024 (ended Mar 2, 2024). The bottom line marked a 55% decline from the year-ago quarter.Sales plunged 29.5% year over year to $703 million in the third quarter of fiscal 2024. The company reported exceptionally strong third-quarter fiscal 2023 sales of $997 million mainly due to record-high egg prices. Last year the shell egg industry had witnessed record high market prices triggered by the highly pathogenic avian infl ...