Fresh Del Monte Produce Inc reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended in September, lower than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of two analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 37 cents to 48 cents per share. 

· Revenue fell 4.8% to $1.00 billion from a year ago; analysts expected $1.07 billion. 

· Fresh Del Monte Produce Inc. reported EPS for the quarter was 17 cents​.

· The company reported quarterly net income of $8.4 million.

· Fresh Del Monte Produce Inc. shares had fallen 3.3% this quarter and lost 4.5% this year.

· The mean earnings estimate of analysts had fallen by about 17.5% in the last three months.​ 

· In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

· The current average analyst rating on the shares is "buy", and the breakdown of recommendations is 2: "strong buy" or "buy," no "hold", and no "sell" or "strong sell." 

· The average consensus recommendation for the fishing & farming peer group is also "buy."

Wall Street's median 12-month price target for Fresh Del Monte Produce Inc. is $34.00. 

This summary was machine-generated from LSEG data on November 1 at 01:31 p.m. UTC. ​All figures are in US dollars unless otherwise stated. 

QUARTER ENDING                       ESTIMATE               ACTUAL        BEAT, MET,

                                                                                                                 MISSED

September 30 2023                          0.43                            0.35              Missed

June 30, 2023                                    0.59                            0.96              Beat

March 31, 2023                                  0.60                            0.55              Missed

December 31, 2022                         -0.04                           0.45              Beat

The company also announced that its board had approved a share repurchase plan, according to which Fresh Del Monte may repurchase up to 500,000 of its Ordinary Shares. Shares may be repurchased through open market purchases, unsolicited or solicited privately negotiated transactions, or in such other manner as will comply with the terms of applicable federal and state securities laws and regulations, including, without limitation, Rule 10b-18 of the Securities Exchange Act of 1934. All Ordinary Shares repurchased will be retired.