Alico Inc reports results for the quarter ended in December - Earnings Summary

Alico

08/02/2024 24:27

* Alico Inc  ALCO.OQ  reported a quarterly adjusted loss
of 70
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -84
cents.  The lone analyst forecast for the quarter was for a loss
of 28 cents per share. 
    * Revenue rose 32.1% to $13.99 million from a year ago;
analysts
expected $11.50 million. 
    * Alico Inc's reported EPS for the quarter was $5.64​.
    * The company reported quarterly net income of $42.95
million.
    * Alico Inc shares had fallen by 1.1% this quarter.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for Alico Inc is
$35.00 
This summary was machine generated from LSEG data February 8 at
12:27 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.28          -0.70          Missed
 Sep. 30 2023      -0.34          -0.03          Beat
 Jun. 30 2023      0.08           -0.73          Missed
 Mar. 31 2023      0.13           -1.62          Missed