Picture of Alico logo

ALCO — Alico News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer DefensivesBalancedSmall CapMomentum Trap

Alico Q3 revenue down 38%, misses estimates

Overview

Alico Q3 revenue falls 38.4% yr/yr, missing analyst expectations, per LSEG data

Adjusted EBITDA for Q3 beats estimates

Company completes final major citrus harvest, focusing on land development

Outlook

Company expects to end fiscal year 2025 with cash to cover expenses through fiscal year 2027

Company expects fiscal year 2025 adjusted EBITDA of approximately $20 mln

Result Drivers

ASSET SALES - Over $9 mln generated from land and equipment sales, exceeding land sales target

INSURANCE RECOVERY - $16 mln in crop insurance proceeds bolstered cash position and liquidity profile

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$8.39 mln$8.90 mln (1 Analyst)
Q3 EPS-$2.39
Q3 Net Income-$18.29 mln
Q3 Adjusted EBITDABeat$19.27 mln$400,000 (1 Analyst)
Q3 EBITDA$19.20 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the fishing & farming peer group is "buy" Wall Street's median 12-month price target for Alico Inc is $34.25, about 5.4% above its August 11 closing price of $32.40 Press Release: ID:nGNXwRwsM (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Alico

See all news