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

Alico

07/05/2024 11:55

* Alico Inc  ALCO.OQ  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.62.  The lone analyst forecast for the quarter was for a
loss of 14 cents per share. 
    * Revenue fell 14.9% to $18.11 million from a year ago;
analysts
expected $40.60 million. 
    * Alico Inc's reported EPS for the quarter was a loss of
$2.07​.
    * The company reported a quarterly loss of $15.8 million.
    * Alico Inc shares had fallen by 1.9% this quarter and
lost 1.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 193.3% 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 May 7 at 10:54
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
 Mar. 31 2024      -0.14          0.26           Beat
 Dec. 31 2023      -0.28          -3.04          Missed
 Sep. 30 2023      -0.34          -0.03          Beat
 Jun. 30 2023      0.08           -0.73          Missed