Lemon and avocado grower Limoneira's Q1 revenue beats estimates

Limoneira

12/03/2026 20:37

Overview

U.S. lemon and avocado grower reported Q1 revenue fell yr/yr but beat analyst expectations

Outlook

Limoneira reiterates full-year 2026 guidance for lemon volumes of 4.0 mln to 4.5 mln cartons

Company maintains full-year 2026 avocado volume guidance of 5.0 mln to 6.0 mln pounds

Limoneira expects near-term water monetization in fiscal year 2026

Result Drivers

SALES CADENCE SHIFT - Revenue fell as the Sunkist partnership shifted lemon sales to later quarters, resulting in lower Q1 volumes

BUSINESS EXITS - Exiting brokerage and farm management businesses contributed to lower revenue

COST REDUCTIONS - Total costs and expenses declined 27% due to lower agribusiness volumes and elimination of citrus sales and marketing costs after Sunkist transition

Company press release: ID:nBwbhG9K5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$18.2 mln
$16.05 mln (3 Analysts)
Q1 Net Income
-$9.3 mln
Q1 Basic EPS
-$0.53
Q1 Operating Income
-$10.6 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 Limoneira Co is $18.50, about 35% above its March 11 closing price of $13.70

The stock recently traded at 146 times the next 12-month earnings vs. a P/E of 463 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)