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

Alico

05/08/2024 23:57

* Alico Inc  ALCO.OQ  reported a quarterly adjusted loss
of 90
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -73
cents.  The lone analyst forecast for the quarter was for a loss
of 25 cents per share. 
    * Revenue rose 86.8% to $13.61 million from a year ago;
analysts
expected $17.80 million. 
    * Alico Inc's reported EPS for the quarter was a loss of 27
cents​.
    * The company reported a quarterly loss of $2.04 million.
    * Alico Inc shares had risen by 10.4% this quarter and
lost 1.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 316.7% in the last three months.​ 
    * 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 August 5 at
10:56 p.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
 Jun. 30 2024      -0.25          -0.90          Missed
 Mar. 31 2024      -0.14          0.26           Beat
 Dec. 31 2023      -0.28          -3.04          Missed
 Sep. 30 2023      -0.34          -0.03          Beat