CALM Stock Recent News

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.

Cal-Maine Foods announced a better-than-feared quarter with record volumes of eggs sold. The company separately announced an avian flu outbreak at one of its Texas-based facilities.

CalMaine Food's (CALM) fiscal third-quarter 2024 results reflect the impact of the lower year-over-year net average selling price of eggs that offset record sales volumes.

Thanks to strong demand, egg producer  Cal-Maine Foods Inc (NASDAQ:CALM) announced better-than-expected fiscal third-quarter revenue after the close yesterday.

Egg distributor Cal-Maine Food's shares rolled 5% higher this morning following an after-hours third-quarter earnings release. Lower egg prices caused quarterly net revenues to fall to $703 million from $997 million in the prior year's third quarter, while net income for the quarter came to $146.4 million, or $3.01 per basic common share, down from $323.2 million/$6.62 per share.

Egg producer Cal-Maine Foods (CALM) posted top- and bottom-line results that beat Wall Street expectations as strong demand for eggs helped offset a significant decline in egg prices, sending the company's shares more than 8% higher in premarket trading Wednesday morning.

Shares of Cal-Maine Foods Inc. rallied 9% in the extended session Tuesday after the egg producer blew past Wall Street quarterly estimates, notching record sales volume on increased demand and lower egg prices.

Cal-Maine Foods Inc. CALM, -3.50% said Tuesday it has detected bird flu at one of its plants in Parmer County, Texas, leading to the elimination of about 1.6 million laying hens and 337,000 pullets. That's about 3.6% of the egg producer's overall flock as of March 2.

Cal-Maine Foods (CALM) closed the most recent trading day at $58.62, moving -1.41% from the previous trading session.

The shell egg market's delicate balance of supply and demand affects Cal-Maine Foods, with Q3 2024 earnings expected to reflect rising egg prices. The company experienced record-breaking top and bottom line results in FY2023 due to a number of external factors. Despite potential quarterly improvements, the stock's lofty valuation and unlikely outperformance compared to the previous year suggest a hold recommendation.