The company reported quarterly adjusted earnings of 34 cents per share for the quarter ending in March, which is lower than last year's EPS of 55 cents. Two analysts' mean expectation for the quarter was for earnings of 61 cents per share, with Wall Street expecting results to range from 60 cents to 61 cents per share.

Revenue fell 1.8% to $1.11 billion from a year ago, with analysts expecting $1.15 billion.

Fresh Del Monte Produce Inc.'s reported EPS for the quarter was 55 cents.

The company reported a quarterly net income of $26.1 million.

Fresh Del Monte Produce Inc. shares rose by 0.0% this quarter and lost 1.3% so far this year.

The mean earnings estimate of analysts had fallen by about 7.6% 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 $31.50.

Quarterly Performance