CALM Stock Plunged: Here's What Happened

The Situation

Cal-Maine Foods Inc (NASDAQ: CALM) shares – a fresh egg producer selling mostly in the mid-Atlantic, southwest, east-west, and midwest states – plunged on Thursday after the company reported Q2 profits that missed estimates. As of 1:50 PM ET, Cal-Maine shares dropped by 13.79%.

The Explanation

Cal-Maine Foods Inc officially announced its Q2 profit of $198.6 million, or $4.07 per share, up from its $1.2 million, or $0.02 per share in Q2 of 2021. This fell short of analysts' estimates at $4.24 per share.

The company announced a 110% increase in net sales compared to the same time last year at $801.7 million. This was driven by the average conventional selling price for eggs, which allowed the company to achieve a quarterly gross profit margin of 39.6%.

See the $CALM chart performance here.

The Effect

Cal-Maine Foods Inc stock reportedly dropped as the company missed analysts' expectations for profits per share. The investors reaction happened despite the company showing great growth compared to the same quarter year-over-year. Since investors can't know for sure whether the company will hit the next analysts' estimates, it is more important to focus on Cal-Maine Foods Inc's business.

See full $CALM flow at: https://unusualwhales.com/stock/CALM/flow-overview

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.