Cal-Maine Foods, Inc. (NASDAQ:CALM) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The analysts have sharply increased their revenue numbers, with a view that Cal-Maine Foods will make substantially more sales than they'd previously expected. The market seems to be pricing in some improvement in the business too, with the stock up 7.4% over the past week, closing at US$113. It will be interesting to see if this latest upgrade is enough to kickstart further buying interest in the stock.

After the upgrade, the twin analysts covering Cal-Maine Foods are now predicting revenues of US$3.4b in 2025. If met, this would reflect a notable 9.5% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing US$2.8b of revenue in 2025. The consensus has definitely become more optimistic, showing a sizeable gain to revenue forecasts.

Check out our latest analysis for Cal-Maine Foods

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 20% growth on an annualised basis. That is in line with its 20% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 2.4% annually. So although Cal-Maine Foods is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. Analysts also expect revenues to grow faster than the wider market. With a serious upgrade to expectations, it might be time to take another look at Cal-Maine Foods.

Want more information? At least one of Cal-Maine Foods' twin analysts has provided estimates out to 2026, which can be seen for free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.