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

Alico

07/12/2023 24:22

* Alico Inc  ALCO.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 17
cents.  The lone analyst forecast for the quarter was for a loss
of 34 cents per share. 
    * Revenue fell 34% to $680.00 thousand from a year ago;
analysts
expected $700.00 thousand. 
    * Alico Inc's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $940
thousand.
    * Alico Inc shares had risen by 16.0% this quarter and
gained 21.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
$32.00 
This summary was machine generated from LSEG data December 7 at
12:21 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
 Sep. 30 2023      -0.34          -0.03          Beat
 Jun. 30 2023      0.08           -0.73          Missed
 Mar. 31 2023      0.13           -1.62          Missed
 Dec. 31 2022      -0.31          -0.84          Missed