Mission Produce, Inc. (AVO) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - Mission Produce, Inc. has shown strong stock performance, with a 7.7% increase over the past month and a 32.3% gain since the beginning of the year, outperforming both the Zacks Consumer Staples sector and the Zacks Agriculture - Operations industry [1][2]. Performance Metrics - The company has consistently exceeded earnings expectations, reporting an EPS of $0.23 against a consensus estimate of$-0.01 in its latest earnings report on September 9, 2024, and beating revenue estimates by 40.93% [2]. - For the current fiscal year, Mission Produce is projected to achieve earnings of $0.29 per share on revenues of$1.1 billion [2]. Valuation Metrics - Mission Produce currently trades at a valuation of 46 times the current fiscal year EPS estimates, which is significantly higher than the peer industry average of 19 times [5]. - On a trailing cash flow basis, the stock trades at 22.1 times compared to its peer group's average of 7.6 times, indicating a premium valuation [5]. Style Scores - The company has a Value Score of B, a Growth Score of A, and a Momentum Score of D, resulting in a combined VGM Score of A [4][5]. - The Zacks Rank for Mission Produce is 1 (Strong Buy), driven by rising earnings estimates, suggesting potential for further stock appreciation [6].