
Mission Produce (AVO) Stock Forecast & Price Target
Mission Produce (AVO) Analyst Ratings
Bulls say
Mission Produce Inc. demonstrated a solid financial performance in the fourth quarter of 2023, with total revenue reaching $257.9 million, marking an 8% year-over-year increase, supported by an approximately 8% rise in average per-unit avocado sales prices. The company's adjusted EBITDA for the quarter rose to $325.4 million, reflecting a 7% year-over-year growth, along with a positive trend in mango sales, whose volumes increased by approximately 40% and revenues doubled to $14 million. Furthermore, as of July 31, 2024, cash and cash equivalents increased to $49.5 million, indicating improved liquidity and ongoing operational efficiency that is anticipated to bolster segment profitability moving forward into 2025.
Bears say
Mission Produce Inc. is experiencing a decline in sales volumes by over 40% year-on-year, significantly impacting its profitability outlook, particularly within the International Farming segment. Despite a relatively flat adjusted EBITDA of $4.6 million compared to the previous year, the overall decrease in revenue and lower profitability projections negatively influence estimates for the upcoming quarter. Additionally, challenges such as smaller fruit size and ongoing headwinds related to sourcing from Peru are expected to further strain operational performance and financial results.
This aggregate rating is based on analysts' research of Mission Produce and is not a guaranteed prediction by Public.com or investment advice.
Mission Produce (AVO) Analyst Forecast & Price Prediction
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