Lemon and avocado producer Limoneira Q3 revenue falls

Limoneira

09/09/2025 21:12

Overview

Limoneira Q3 revenue falls to $47.5 mln

Adjusted EPS for Q3 records a loss of $0.02

Co announces $5 mln annual cost savings with Sunkist partnership starting fiscal 2026

Outlook

Company expects fresh lemon volumes of 4.5 mln to 5.0 mln cartons in FY 2025

Company expects avocado volume of approximately 7.0 mln pounds in FY 2025

Company plans to expand avocado production by 500 acres through FY 2027

Limoneira expects $5 mln annual cost savings from Sunkist merger starting FY 2026

Result Drivers

LEMON PRICING PRESSURE - Co faced pricing pressure in the lemon market, impacting fresh packed lemon sales

AVOCADO VOLUME DECLINE - Lower avocado revenue due to reduced volumes sold, attributed to alternate bearing nature of trees

FARM MANAGEMENT REVENUE DROP - Termination of farm management agreement with PGIM Real Estate Finance led to revenue decline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$47.48 mln
$50.10 mln (2 Analysts)
Q3 Adjusted EPS
Miss
-$0.02
$0.06 (2 Analysts)
Q3 EPS
-$0.06
Q3 Net Income
-$916,000
Q3 Basic EPS
-$0.06
Q3 Operating Income
-$630,000
Q3 Pretax Profit
-$734,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 $27.00, about 41.8% above its September 8 closing price of $15.72

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 37 three months ago

Press Release: ID:nBw8N3nq7a

(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.)