CALM(CALM)

CALM

Overview Intelligence Chart Fundamentals Key Metrics Earnings Growth Analysts Financials Insiders Institutional

Next earnings: Jul 28, 2026

Signal

Bearish Setup2↓

Price

1↓

Move↓-1.11%Negative session

Volume

1→

Volume↓0.0× avgLight volume

Technical

1↓

RSI↓RSI 45Momentum negative

PRICE

Prev Close

76.87

Open

76.85

Day Range75.91 – 77.79

75.91

77.79

52W Range71.92 – 126.40

71.92

126.40

8% of range

VOLUME & SIZE

Avg Volume

531.6K

FUNDAMENTALS

P/E Ratio

5.3x

Value territory

EPS (TTM)

—

Div Yield

0.03%

Beta

0.36

Low vol

Performance

1D↑

+2.84%

+2.51%

-2.66%

-8.79%

-13.20%

YTD

-3.39%

1Y↓

-17.17%

Best: 1D (+2.84%)Worst: 1Y (-17.17%)

Quick Read

Trend—Insufficient MA data

Momentum

BEARISH

revenue -9% YoY

Valuation

CHEAP

P/E 5x vs ~20x sector

Health

STRONG

CR 8.2 · FCF $15.28/sh

Trend

Momentum

Valuation

Health

Bullish

Composite signal across trend, momentum, valuation & healthSignals from latest available data

Key MetricsTTM

Market Cap$3.64B

Revenue TTM$3.46B

Net Income TTM$695.03M

Free Cash Flow$722.86M

Gross Margin33.8%

Net Margin20.1%

Operating Margin25.1%

Return on Equity26.1%

Return on Assets22.1%

Debt / Equity0.00

Current Ratio8.21

EPS TTM$14.69

Alpha SignalsFull Analysis →

What Moves This Stock

Wholesale shell egg prices (Urner Barry quotations) - single largest driver, with $0.50/dozen moves translating to hundreds of millions in annual EBITDA impact

Avian influenza outbreak severity and geographic spread - industry capacity destruction drives multi-quarter price spikes and margin expansion

Corn and soybean meal futures prices - feed represents 60-70% of production costs, with $1/bushel corn moves impacting margins by 3-5 percentage points

Cage-free conversion mandates and adoption rates - California, Colorado, Oregon, Washington laws requiring cage-free by 2022-2026 drive capital investment and specialty product mix shift

Macro Sensitivity

Economic Cycle

low - Shell eggs are a staple protein with highly inelastic demand. Consumption remains stable at approximately 280-290 eggs per capita annually regardless of GDP growth. However, consumer mix can shift between conventional and premium specialty eggs during recessions, with some trading down from organic to conventional products. Foodservice demand (20-25% of market) shows modest cyclicality tied to restaurant traffic.

Interest Rates

minimal direct impact - Cal-Maine operates debt-free with $1.1B in net cash, eliminating financing cost sensitivity. Rising rates modestly affect valuation multiples as investors compare dividend yields (currently 1-2%) to risk-free rates. Capital expenditure decisions for cage-free conversions (estimated $200-300M over 3-5 years) are largely driven by regulatory mandates rather than cost of capital considerations.

Key Risks

Regulatory mandates requiring cage-free production - California Proposition 12 and similar state laws require significant capital investment ($10-15 per hen capacity) while potentially reducing industry efficiency and increasing structural costs by 15-25%

Avian influenza becoming endemic - Highly pathogenic H5N1 outbreaks in 2022-2023 destroyed 58 million birds. If outbreaks become recurring annual events, industry faces permanent capacity constraints and elevated biosecurity costs

Plant-based and cell-cultured egg substitutes - While currently <2% market share, technological improvements and cost reductions in alternative proteins could erode long-term demand for conventional eggs

Investor Profile

value/cyclical - Stock attracts opportunistic value investors during egg price troughs when P/E multiples compress to 5-8x despite strong balance sheet. Momentum traders enter during avian flu outbreaks anticipating 6-12 month margin expansion cycles. Not suitable for growth or income investors given commodity price volatility and minimal dividend yield (1-2%). High ROE (44.6%) and ROA (38.4%) during current cycle attract quality-focused value managers.

Watch on Earnings

USDA weekly shell egg prices (Urner Barry Midwest Large quotations) - leading indicator of quarterly revenue and margin trendsCorn futures (CBOT ZC) and soybean meal prices - 60-70% of production costs with 2-3 month lag from procurement to impactUSDA avian influenza outbreak reports and cumulative birds affected - supply destruction drives multi-quarter price spikesCage-free egg production as percentage of total US supply - industry transition from 10% in 2020 toward 30%+ by 2026

Health Radar

5 strong1 watch

86/100

Liquidity

8.21Strong

Leverage

0.00Strong

Coverage

1716.4xStrong

ROE

26.1%Strong

ROIC

22.7%Strong

Cash

$500MWatch

ANALYST COVERAGE8 analysts

HOLD

▲ +11.8%upside to target

Buy

113%

Hold

563%

Sell

225%

1 Buy (13%)5 Hold (63%)2 Sell (24%)

Full report →

Stock Health

Composite Score

3 of 5 signals bullish

8/10

Technicals

●

RSI RangeRSI 45 — Bearish momentum

✗

Volume

●

Volume FlowAccumulation — institutional buying

✓

Fundamentals

●

Last EarningsBeat estimates

✓

●

Analyst ConsensusHold

●

LiquidityCurrent Ratio 8.21 — healthy liquidity

✓

Upcoming Events

EEarnings Report · Before OpenMay 7, 2026

Tomorrow

DEx-Dividend DateAug 4, 2026

In 90 days

PDividend PaymentAug 31, 2026

In 117 days

Research

Fundamentals→Financials→Analysts→Earnings→Growth→Key Metrics→Technical Analysis→Intelligence→

FinancialsFull statements →

Technicals

Technical SetupBEARISH

Technicals →

Trend

▼ DowntrendDeath Cross · 50D trails 200D by 10.2%

-6.1% vs SMA 50 · -15.7% vs SMA 200

Momentum

RSI45.2

Neutral territory

MACD-1.00

Below zero — bearish pulse · expanding

Market Position

Price Levels

52W High

$126.4+66.3%

EMA 200

$88.85+16.9%

EMA 50

$79.27+4.3%

Current

$76.02

52W Low

$71.92-5.4%

52-Week RangeNear 52-week low

$71.928th %ile$126.4

Squeeze SetupVolume-based

Elevated Squeeze Setup

Strong accumulation on above-average volume. Buyers are absorbing supply aggressively — any positive catalyst could trigger a rapid covering move.

20-Day Money Flow

Acc days:8

Dist days:2

Edge:+6 acc

Volume Context

Avg Vol (50D)836K

Recent Vol (5D)

1.6M+96%

Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.

Earnings & Analysts

ANALYST ESTIMATES

Consensus of 3 analysts

Full estimates →

Analyst revisions:EPS↑ Revised UpRevenue↑ Revised Up

Analyst consensus estimates · Actuals replace estimates as reported

Year	Revenue Est.	Rev Gth	EPS Est.	EPS Gth	Range	Analysts
FY2023	$3.1B $2.8B–$3.4B	—	$15.09	—	±12%	Low1
FY2024	$2.3B $2.3B–$2.4B	▼ -23.9%	$5.81	▼ -61.5%	±2%	Low2
FY2025	$4.1B $4.0B–$4.1B	▲ +74.0%	$24.19	▲ +316.1%	±2%	Moderate3

Range confidence:Tight (high)ModerateWide (low)

Earnings HistoryCALM

Last 8Q

+26.3%avg beat

Beat 6 of 8 quartersMissed 2↓ Estimates falling

+25%

Q3'24

+31%

Q4'24

+21%

Q1'25

-2%

Q2'25

+90%

Q3'25

-18%

Q4'25

+9%

Q1'26

+52%

Q2'26

Beat

Miss

Estimate

Deeper color = bigger beat/miss

Insider Activity

SEC Filings →

5 Buys/1 SellNet Buying