Dont you just love a good guac? Great, me too! So let me introduce you to Calavo.
They sell fresh avocados (as well as other fruits & veggies), prepared foods (guac, etc), and pre-made veggie / fruit trays. Boring, I know, but I personally have a new found soft spot for “boring growth” that pays a dividend. Calavo just had another great quarter and I have been watching them for about a year now.
Third Quarter Highlights Include:
-Revenues, Gross Margin and Net Income Reach New Historic Highs
-Net Income Climbs 47.5 Percent to $12.7 Million from $8.6 Million Last Year
-Diluted EPS Rises to 73 Cents Versus 50 Cents in the Prior Year
-Gross Margin Jumps 34.5 Percent to $32.6 Million from $24.3 Million
-RFG Segment Revenues Advance 15 Percent to $90.7 Million, up from $79.2 Million Last Year
Year-To-Date Highlights Include:
-Net Income Rises 28.4 Percent to $28.8 Million from $22.4 Million in Prior Year
-Diluted EPS Equals $1.65 Versus $1.29 in Prior Year; Year-to-Date EPS Surpasses Fiscal 2015 Full-Year Amounts
-Gross Margin Expands to $80.4 Million, up from $65.1 Million Last Year
-CEO Cole Forecasts Avocado Industry Volume of 2.4 Billion Pounds for Current Year; Anticipates Expansion to 2.7 Billion Pounds in 2017
(http://www.businesswire.com/news/home/20160907005633/en/Cala…)
I tried to calculate out 1 year PEG and here’s what I’ve got for the last 8 quarters worth of EPS:
Q8- (0.07)
Q7- 0.31
Q6- 0.48
Q5- 0.50
Q4- 0.28
Q3- 0.37
Q2- 0.55
Q1- 0.73
(numbers courtesy http://www.nasdaq.com/symbol/cvgw/revenue-eps)
for a 1 year PEG of 0.63
This is my first time doing 1 year PEG calculations on my own, so reader beware! Many thanks to whoever posted the google spreadsheet!
Thoughts?
